NSW government plans for a Silicon Valley-style tech hub in Sydney have been greenlit. The AU$3 billion (US$1.9 billion) development will transform Central Station into large-scale office towers and generous public realm. The development will eventually reach six neighborhoods across Sydney.
Comprising over 130,000 square meters of commercial floor space over two office towers, plans were lodged by the joint developers Dexus and Frasers Property Australia for the project in late March 2022. These were later approved by the City of Sydney council in late October 2022.
Central Place Sydney sits on the western edge of Central Station and is adjacent to the planned 40-story Atlassian timber building also being developed and funded by Dexus.
The state government approved plans in August in 2022 as a key strategy to revitalize the neglected railway precinct and activate a 24-hour economy with tech giant Atlassian as the anchor.
For more on this story, go to Sydney Morning Herald.