1. Sydney Metro (NSW) $22bn
The Sydney Metro, being built across three stages, City and Southwest, Northwest, and West, is currently Australia’s largest public transport project.
The CBD and south-west extension, due to open by 2024, will cost up to $12 billion, and a further extension into the western suburbs will cost another another $10 billion, according to the pipeline.
The public transport project will deliver 31 metro stations and more than 66 kilometres of new metro rail across Sydney providing for up to 40,000 people per hour, almost double the 24,000 people the current suburban rail network carries.
Singapore-backed Frasers and the private Winten Property Group recently received planning approval for four commercial buildings ranging between nine and 17-storeys to be located at the entrance to Macquarie Park’s new Sydney Metro station.
The $750 million Macquarie Exchange, located on a 15,600sq m site in suburban Sydney, will comprise 74,093sq m of commercial space, 5693sq m of retail including a proposed childcare centre and gym and a central park with more than 2200sq m of green space.
At the Castle Hill Showground Metro precinct, the NSW Government has plans for nine residential and commercial buildings up to 20-storeys high.
A total of 1,900 homes have been proposed as part of the redevelopment of the Metro precinct, which has been the centre of several multimillion-dollar proposals from private developers since the NSW government announced the area would be a priority precinct.
While at Cherrybrook Metro Station, plans to transform humble homes into 46 high-rise towers ranging from two to 16 storeys in height—which were rejected by a northwest Sydney council last year—have been revived.
The multi-million-dollar proposal by Sydney-based developer Toplace, would see dozens of towers stretch along Castle Hill road, is currently within a rezoning review submitted to NSW Planning.
The Kellyville and Bella Vista station precinct proposals by the government’s development arm Landcom, could also provide up to as many as 5,600 homes in buildings up to 21-storeys high around two new rail stations in Sydney’s north-west.
The green light has also been given to the “Metro Quarter” proposal by the government’s UrbanGrowth Development Corporation, paving the way for three residential towers of 23, 25 and 29-storeys and four commercial buildings up to 10-storeys at the Waterloo site.
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