The NSW Government proposing a plan to create a lively community in Macquarie Park, NSW.
The rezoning proposal would deliver 3060 new homes, 8 hectares of new public open space, a large multi-purpose indoor recreation facility, along with paths for walking and cycling.
The development is currently zoned to support commercial office space for up to 23,000 jobs. Under this proposal, developers would be given flexibility and could choose to instead construct up to 5040 build-to-rent homes instead of commercial real estate.
Macquarie Park, north-west of Sydney, is bounded by two Sydney metro stations (Macquarie University and Macquarie Park), is home to Macquarie University and the Macquarie Centre shopping centre, and is near the Lane Cove National Park. Passengers from Macquarie Park Metro Station will be able to reach the CBD within 20 minutes when the City and Southwest Metro opens between Tallawong and Sydenham in 2024.
The Macquarie Park Innovation Precinct Stage 1 proposal would also create a lively community in one of Sydney’s biggest employment hubs. Macquarie Park is the fourth-largest office market in NSW, behind Parramatta, North Sydney and Sydney CBD, and is home to businesses such as IT and pharmaceuticals.
The proposal is now open for consultation. It includes mixed-use commercial and residential development along Shrimptons Creek, Lane Cove Road and Epping Road and the renewal of Waterloo Road.
Along with residential development, the revitalisation proposal includes ground-level retail for entertainment, dining, and recreation. The new public open space would include play areas, sports fields, fitness stations, BBQ areas along with picnic tables and shelters.
The rezoning proposal builds on the vision set out in the Macquarie Park Innovation Precinct (MPIP) Place Strategy finalised by the Department of Planning and Environment (DPE) in 2022 which outlines a staged approach to the development and transformation.
Feedback received from the community and stakeholders will be taken into consideration to help inform the final plan in mid-2024.
To view the proposal and have your say, visit the NSW Planning Portal.