October 31, 2022 | By Joyce DiMascio | Image: Artist’s impressions of the new Central Place Sydney by Norviska

The transformation of another Sydney precinct is a step closer with the City of Sydney giving development approval for Central Place Sydney, the designated tech hub at the southern end of the city.

Located adjacent to Sydney’s Central Station, the circa $3 billion project will form a significant part of the complete transformation of Sydney’s southern CBD.

It will feature three towers – 35, 37 and eight storeys high.

The approval follows the recently announced vision for the Central Precinct by the New South Wales Government, as well as the beginning of construction on Atlassian’s Australian headquarters.

The pitch from its backers is that Central Place Sydney will help define the Tech Central district – “a public and private effort” to ensure Sydney’s future global competitiveness as one of the most attractive, diverse and productive places for tech and innovation businesses.

The development will include community event spaces and a series of bookable rooms to host TED-style events in the buildings.

micenet was advised that exact configurations or numbers of conference rooms are not yet available.

“We are incredibly pleased to have received development approval, allowing us to further progress the project,” said Kimberley Jackson, project director for Central Place Sydney.

“Our development has been designed to create a place where work and lifestyle can blend seamlessly, create an exciting new destination for Sydney and leverage what is already on offer as a thriving tech and innovation neighbourhood emerges.”

Central Place Sydney will introduce more than 130,000m2 of commercial floor space to the surrounding area, offering the largest premium-grade workplace available in Tech Central. The buildings boast world-leading sustainable design in a location with unrivalled connectivity and direct transport links to Sydney and surrounds.

Jackson said Central Place Sydney would also “set the benchmark in sustainability for commercial developments of this scale in Australia”.

With Central Place Sydney securing the relevant NSW Government final stage approvals, construction is targeted to commence in 2023, with the first stage of the project expected to be delivered in 2027.