Green Light for Martin Place Metro Towers
23 August, 2019
Sydney’s CBD will be home to two new office towers, with the NSW Government approving the development above the future Martin Place Metro Station.
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 was announced on 21 August.
The towers will create more than 2500 jobs during construction, and house nearly 9000 office, retail and hospitality workers once complete.
As part of the Martin Place development Macquarie Group will be helping to pay for the metro station build as part of an agreement.
The integrated station and towers is a great example of well-designed development being built in the right areas.
These towers, which underwent a rigorous assessment by the Department of Planning 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.
Construction of the towers will happen at the same time as 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.
The tunnelling for the Metro link under the Harbour continues with the first mega tunnel boring machine arriving at the new Pitt Street metro railway station earlier this month. This follows the second boring machine breaking through into the new Crows Nest Station site in July.
Once completed, the Metro will connect metro rail services from Chatswood, through a new line under the harbour and city, to Sydenham, where they will run on the existing Bankstown Line.
More than four million customers have travelled on the brand new North West Metro Line since it launched in May this year.
It has run close to 20,000 services between Chatswood in Sydney’s northern suburbs to Rouse Hill and has been a game-changer for customers in the growing north-west.
To find out more about Sydney Metro visit https://www.sydneymetro.info/
To find out more about the Martin Place development visit https://www.metromartinplace.com/
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