Development approval has been granted for the $750 million Macquarie Exchange community business district, which aims to covert a 15,260 square metre site into four high-rise buildings.
Located at the entrance to Macquarie Park’s new Sydney Metro station, the Macquarie Exchange will provide 83,368 square metres of gross floor areas across a 17-storey building and three nine-storey buildings.
Around 75,000 square metres of this space has been approved for commercial purposes and around 5700 square metres proposed for retail, including a proposed childcare centre and gym. The development will also include 2200 square metres of green space in the form or a central park.
The urban hub has been designed by Bates Smart and will be delivered by Frasers Property Industrial and the Winten Property Group.
Office space at the location will include 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.
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The urban commercial park aims to provide 100 per cent carbon neutral energy to all buildings, which have been designed to achieve a WELL Silver and Core rating, 5 Star Green Star rating from the Green Building Council of Australia and a minimum 5 Star NABERS rating.
Frasers Property Industrial General Manager Northern Region Ian Barter said Macquarrie Exchange would deliver a pedestrian-focused development that offers an activated retail and amenity rich destination for building occupants and the surrounding Macquarie Park area.
“The Community Business District would deliver a viable alternative to city locations, with seamless connections via the Sydney Metro Macquarie Park station,” he said.
“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.
“The development is expected to deliver on both state and local government objectives. It is an exemplary example of what can be collaboratively achieved to deliver jobs and growth to this important employment and innovation precinct which maximises the benefits of existing major infrastructure.”