The $3 Billion Tech Towers Above Central Station Have Been Granted Approval from the City of Sydney
Construction on the 37- and 39-storey towers that will comprise the multibillion-dollar Central Place Sydney precinct is set to begin next year.
November 01, 2022
The City of Sydney has granted approval to the Development Application for Central Place Sydney, a $3 billion pair of commercial towers set to be built above Central Station. Introducing 130,000 square metres of floor space to Sydney's CBD, Central Place will play a key role in the new Tech Central precinct, which is set to transform the bustling train station into a world-class hub for tech-based businesses.
This billion-dollar precinct was first announced in 2020, with former NSW Premier Gladys Berejiklian labelling it the "Silicon Valley of Australia" at the time.
Central Place will be comprised of 35- and 37-storey towers joined by The Connector, an eight-floor street-level building. These high-rises are being billed as "the new home for tomorrow's game changers", facilitating workplaces for an estimated 15,000 employees and creating over 700 jobs during construction.
"Our development has been designed to create a place where work and lifestyle can blend seamlessly, create an exciting new destination for Sydney and leverage what is already on offer as a thriving tech and innovation neighbourhood emerges," Project Director of Central Place Sydney Kimberly Jackson says.
There's also a push for sustainability in the construction of Central Place Sydney. The project has a net-zero emissions target and 80-percent waste diversion from landfill target.
"Central Place Sydney will set the benchmark in sustainability for commercial developments of this scale in Australia. The building will feature workplace environments that integrate nature, maximise daylight, has provisions for natural ventilation, and be supported by renewable energy to achieve our net zero emissions in operations target," Jackson continues.
"We are working with start-ups and neighbouring universities to explore innovations in technology and circular economy, all intended to support the development ambitions for carbon reduction and provide the best possible workplace experience for tenants and customers."
Tech Central will sit alongside a range of sweeping transformations to Central Station. In August, it was announced that 60,000 square meters of public space would be introduced to the site, with sections of the station would be transformed into parks, restaurants, shops and affordable housing. Alongside this, the Eddy Avenue Plaza is also set to become a dining and entertainment precinct reminiscent of Spice Alley.
Frasers Property and Dexus, the organisations behind Central Place Sydney, are aiming to begin production on the high-rises in 2023, with a projected completion date set for 2027.
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