On the back of a reviewed Master Plan 2030 and impressive growth prospects, Sydney Olympic Park Authority is moving forward to a new generation of development with progressive planning controls that increase mass, density and height.
Development activity has focused on residential supply in recent years, reducing existing commercial stock through withdrawals and limiting new incoming office supply. Now, neighbouring metropolitan commercial centres are at historically low vacancy rates as jobs continue to move west to meet a growing population. The tight conditions favour new construction.
Strategically positioned as the demographic heart of Sydney, Sydney Olympic Park undergoes intense planning scrutiny through Master Plan 2030, a blueprint for sustainable development. The Master Plan enshrines the Park’s Olympic legacy and ensures competitive development outcomes as the lifestyle super precinct.
Primed and ready to take advantage of these premium conditions, Site 2A / 2B Australia Ave is an iconic development opportunity for A Grade office space and an upmarket hotel offering that captures economic growth and leverages progressive planning. Effectively 2 sites, the total proposed GFA for 2A / 2B Australia Ave is over 42,400sqm is spread out over 30 levels, with additional 150 underground public car parking spaces. Additional parking for tenants and guests will be provided on a ratio of 1 per 80sqm.
The opportunity exists now for incoming developers to naturally leverage off Sydney Olympic Park’s global reputation for broad amenity, CBD proximity and aesthetic setting attracting national and international tenants.