Macquarie Park rezoning finalised
Render of the Macquarie Park Metro plaza. Supplied by DPHI.
Connect Macquarie Park Innovation District (Connect MPID) acknowledges the NSW Government’s final masterplans for the Macquarie Park Precinct.
This rezoning will enable:
capacity for 9,600 new built-to-sell homes, doubling from the draft plans
floor space capacity of 3.15 million sqm for a balance of between 100,00 jobs and 10,000 built-to-rent homes based on market conditions
affordable housing contributions of between 3% to 10% for all new residential development
up to 14 hectares of open space, with new or improved parks and sport fields
more vibrant streets with new amenities, commercial, office and retail spaces
better walking and cycling connections to transport and public open spaces.
The Government has recognised feedback from CMPID and other public voices such as, Macquarie University and the City of Ryde to make changes from the draft proposal including: more public open space, more flexible planning controls for key sites to encourage faster development and preserving the commercial core to allow for future job growth.
Davor Jozic, General Manager of Connect MPID acknowledges the certainty the finalisation brings:
“The finalisation of the rezoning process will provide certainty to landowners, developers, industry and the local community on the future land use for the district and will see the focus shift to delivery.”
Dr Rob Stokes, Chair of Connect MPID noted the need for the long-term focus on jobs and productivity growth:
“The rezoning responds to the housing crisis we face today, but risks creating an employment crisis for tomorrow. We must be vigilant to preserve Macquarie Park’s fundamental role as an innovation engine for the state with over 63,000 jobs that generate $13.6 billion in annual impact to the economy.”
Connect MPID will continue to advocate and work with the NSW Government to ensure that Macquarie Park grows as a global destination of innovation, investment, and jobs growth with the right place outcomes that balance industry, research and residential uses.