NSW waives construction licence fees
With the state set to deliver around $50 million in fee waivers…
6 February 2020
Bustling Macquarie Park in Sydney’s north has been given development approval for a $750 million community business precinct.
Well known developer Frasers Property Australia and Winten Property Group have joint forces to launch what they describe as Australia’s first community business district – the $750 million Macquarie Exchange.
Located adjacent to Macquarie Park’s Sydney Metro station, the urban hub will provide 83,368 square metres of gross floor area showcasing four high-rise buildings.
Approximately 75,000 square metres of this space has been approved for commercial purposes and around 5,700 square metres proposed for retail, including a childcare centre and gym. The development will also include a generous amount of parkland.
The architecturally designed precinct by Bates Smart will see interconnecting floors, an outdoor urban plaza, retail laneway, flexible floorplate sizes and on-site health and wellbeing facilities.
Upon completion, more than 7000 employees will work in the hub, with a full-time community manager dedicated to creating connections in the building to develop community engagement.
Frasers Property Industrial General Manager Northern Region Ian Barter said “The Community Business District would deliver a viable alternative to city locations, with seamless connections via the Sydney Metro Macquarie Park station.”
“Businesses and the Macquarie Park community would be able to use the precinct day and night to activate its urban heart, creating a new central destination.