New Town

Residential Development - Site 3

The consortium of Multiplex and Babcock & Brown WAs the successful tender for the residential development
4 towers ranging in height between 16-30 storeys, representing 679 dwellings are scheduled for development at the northern end of Australia Avenue.
The builder is Multiplex Constructions (NSW) Pty Ltd
The architects are Nick Turner & Associates in association with Fender Katsalidis Architects.
The consortium intends to complete the development over three stages in six years
 The development includes 21 affordable housing units
76,639 sq.m gross floor area with 485 sq.m for retail and commercial space on ground floor along Australia Avenue
Development will be home to around 1,500 residents with basement car parking for 930 vehicles
General design compliance architecture and urban planning
40 place child care centre on ground floor to be handed over to government
Development Application (DA) submitted to Department of Planning in October 2004.
Development cost (over three stages) exceeds $350 million
This project is estimated to generate approximately 600 jobs during construction over a 5 - 8 year period

Sites 5,6 & 7

• The Commonwealth Bank of Australia will relocate 5,000 staff to the precinct by 2009.
• The development will more than double the size of the current  workforce at Sydney Olympic Park.
• The first building, being developed by Charter Hall/AMP, is currently under construction, situated along close to the Olympic Park Station.
• The seven-storey development will see more than 24,000sqm of high quality office space created for the Bank’s call centre and training functions.
• Two additional buildings with a capacity of 37,000sqm of net lettable space will be developed on the adjoining sites (6&7).
• New retail space will be incorporated in the development which will include up to 25 shops, such as a newsagent, chemist and cafes.

New hotels for the Park 

• The Sydney Olympic Park Authority has welcomed a deal with one of Australia’s leading hotel chains Accor to establish two new hotels at the precinct.
• Under the agreements there will be a new 5-star Sofitel Hotel and a 2-star Formule 1 hotel.
• The two deals will bring the number of hotel rooms at the Park to almost 700.
• Construction of the 212 room Sofitel Hotel is expected to be complete by 2008.
• The 156 room Formule 1 hotel is expecetd to be compelete by late 2007.
• There will be four hotels with ratings from 2-5 star located within the Park.

Education Precinct

• An education campus is being planned for the Park. The development will be a core component of the precinct’s sporting and creative hub, defining the twon’s identity.

• Ten sites have been listed for sale with a 99 year leasehold.

• Seven of these sites will be avaiable for educational facilties and three for student accommodation.