Plans for a $150-million Build-to-Rent Precinct in Canberra Filed
Evri Group, one of the largest private developers in Canberra, has lodged…
6 February 2020
BustlingÂ Macquarie Park in Sydney’s north has been given development approval for a $750 millionÂ community business precinct.
Well known developer Frasers Property Australia and Winten Property Group have joint forces to launch what they describe as Australiaâ€™s first community business district – the $750 million Macquarie Exchange.
Located adjacent to Macquarie Parkâ€™s Sydney Metro station, the urban hub will provide 83,368 square metres of gross floor area showcasing four high-rise buildings.
ApproximatelyÂ 75,000 square metres of this space has been approved forÂ 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 saidÂ â€œThe Community Business District would deliver a viable alternative to city locations, with seamless connections via the Sydney Metro Macquarie Park station.â€
â€œBusinesses 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.