The NSW government has approved a new integrated transport, dining and retail hub design to accommodate a new station at Martin Place on the Sydney Metro line.
Located between Castlereagh and Elizabeth Streets, the Grimshaw and Johnson Pilton Walker design will have two commercial buildings integrated with the previously approved Martin Place metro station.
The Department of Planning and Environment’s deputy secretary for Planning Services, Marcus Ray, says the integrated station project would provide a new transport hub and generate more than 10,000 new jobs in the Sydney CBD.
“The State significant development proposal is estimated to have a capital investment value of $637 million,” says Ray.
“It will also create 8,500 new employment opportunities and 1,900 construction jobs,” he says.
The Heritage Council NSW and Office of the Government Architect provided expert advice throughout the assessment process, and will continue to play a role throughout the detailed design of the buildings.
According to the government architect of NSW, Peter Poulet, “This development in the Martin Place station precinct highlights the catalytic role played by strategic government investment in a new metro line and in the future success of Sydney as a global city.”
The next step in the development process is for the Macquarie Group to seek approval of the detailed design of both buildings through the second stage of the State Significant Development application process.