Frasers Property Australia and Dexus have lodged development plans with the City of Sydney for the $2.5 billion Central Place Sydney project.
The development aims to position Tech Central as a key driver of innovation and growth in the Asia Pacific region and contribute to large-scale urban change in Sydney.
The development plans include around 130,000 square metres of workspace space across two premium office towers, comprising 35 and 37 levels respectively.
It also features rooftop community spaces and vertical gardens, an environmentally responsive building façade, improved pedestrian amenity and connectivity to Central Station.
Also included in the design is a range of retail and dining options, public art, green spaces and an integrated distribution facility that will service the precinct with advanced logistics infrastructure.
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Central Place Sydney Project Director, Kimberley Jackson, said the tech precinct will rejuvenate Central as one of the key gateways to the Sydney CBD and underpin Tech Central as Sydney’s tech and innovation hub.
“Central Place Sydney is a city-shaping development that will attract some of the best innovation and technology businesses to Sydney,” Jackson said.
“The connectivity of the site to Australia’s busiest interchange, Central Station, and links to the neighbourhoods of Surry Hills, Chippendale, Eveleigh, Haymarket and Darling Harbour will contribute to a vibrant destination supporting Sydney’s 24-hour economy.
“The precinct will define the future of work and workplaces, incorporating the latest healthy building initiatives and powered by 100 per cent renewable energy.”
The City of Sydney’s public exhibition process will allow the community the opportunity to provide feedback.
A parallel process is underway to progress the project through Stage 3 of the NSW Government’s unsolicited proposals process.
Subject to securing the relevant approvals, construction is expected to commence in 2022, with the first stage of the project to be delivered in 2025.