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Big Plans for Macquarie Park

Added on Tue 14 May, 2013, 1:44 pm

Macqurie Park is located 12 kms north west of the Sydney CBD. It 'has evolved from markets, to a university, to a pseudo Silicon Valley and is now to become one of the next big CBD's with office towers, a bigger shopping centre and new apartments'.

Harry Triguboff's Meriton and Toga are developing apartments in the area.

The Macquarie Park corridor is a 340 hectare strip bounded by main roads, Macquarie University and parkland. A new railway station also serves the area.

The local Ryde City council expects up to 50,000 sqm of new floor space will be developed in the precinct every year over the next 2 decades.

In addition to this, a further 6000 apartments will be built during the same time.

The State Government has an interest in a 13.99 hectare parcel of land next to North Ryde railway. There are plans underway to rezone this site as a urban activation precinct.

 

Australian Financial Review 16/4/13