The Sydney CBD will soon house to two new towers, thanks to the NSW Government approving the development above the future Martin Place Metro Station.
Yesterday Premier Gladys Berejiklian, Planning and Public Spaces Minister Rob Stokes and Minister for Transport Andrew Constance announced the approval of a 39-storey office tower above the northern entrance of the under-construction Metro Station and a 29-office storey tower above the southern entrance.
The towers are expected to generate more than 2500 jobs during construction, and house nearly 9000 office, retail and hospitality workers once complete.
Ms Berejiklian said Sydney is Australia’s only truly global city and developments like this continue to elevate its status.
“The Martin Place development is a win for the community and a win for taxpayers, with Macquarie Group helping pay for the metro station build as part of the deal,” she said.
Minister Stokes added that the towers, which underwent a rigorous assessment by the Department and an independent design review panel, will enhance Martin Place’s position as a jobs and transport hub in the heart of the CBD.
“The new metro precinct will connect the existing T4 line with the Sydney Metro and will include shops, restaurants, offices and connections to Hunter, Elizabeth and Castlereagh Streets for commuters and workers,” he commented.
Construction of the towers is set to occur while the new Martin Place Station is being built underground, with the buildings to be completed in time for the Metro line’s opening in 2024.