Macquarie Park is Sydney's emerging Suburban CBD with an vibrant mix of commercial, retail, educational and residential land.
Planning & development
Macquarie Park is currently the third largest commercial office region in New South Wales after Sydney CBD and North Sydney, and is on track to becoming the nation's fourth largest CBD (behind Sydney, Melbourne and Brisbane) by 2030. By a similar time, the precinct is expected to create 40,000 more jobs. All this is made possible by a flexible, fast-evolving infrastructure and a commitment to growth and development.
The thriving business centre is established on over 200 hectares of previously industrial land, which was rezoned to accommodate a host of global ASX-listed businesses and industry leaders. Currently over 840,000 square metres of commercial space is available to lease at Macquarie Park, with eleven major development application approved projects in the pipeline.
Effective planning and innovative urban design is key to seeing continued growth in Macquarie Park. Some of the major developments currently in the works include:
Macquarie University's plans to add 500,000 sqm of new office space - more than proposed for Barangaroo.
Macquarie Centre's current redevelopment to add 130 new specialty stores and a further 1,050 car spaces. Upon completion of this $380 million investment, the centre will be among the country's top ten largest retail hubs.
Goodman Group's development of two office towers for global corporations Canon and Fujitsu. These towers are in addition to the 300,000 sqm of office and warehouse space the company already owns and manages in Macquarie Park and North Ryde.
Ryde local environment plan
Macquarie Park is fortunate to be located in the City of Ryde, and planning controls are therefore subject to the Ryde Local Environment Plan of 2010. The Plan aims to encourage the management and development of land in a manner which:
responds to the needs and welfare of its citizens;
conserves items and places of natural, indigenous, cultural, social and historical significance; and
ensures sustainability and creates a better environment.
Find more information about the Ryde Local Environment Plan
Planning proposal for Macquarie Park
The Ryde Local Environment Plan included an Amendment in its 2013 draft with a Planning Proposal specifically for Macquarie Park. The Proposal seeks to:
support growth and development in Macquarie Park by ensuring infrastructure (including new roads and open spaces) meets the needs of existing and future residents and workers;
reinforce the importance of Macquarie Park as a significant employment centre and part of Sydney's Economic Global Arc; and
enable the delivery of new road and park infrastructure to support the growth of the area.
Overall, the Proposal aims to develop innovative planning mechanisms that meet community needs and ensure attractive and sustainable neighbourhoods for workers and residents. This includes the delivery of new roads designed to offer faster, easier and greater route choices for cars, pedestrians and cyclists, as well as improving access to stations and facilities. The Proposal also includes a component that ensures a suite of local parks are distributed across the precinct, providing a haven for a quiet lunchbreak or weekend family picnic.
Find out more about the Planning Proposal for Macquarie Park