The nationally significant research and business centre – often described as ‘Australia’s Silicon Valley – specialised in the communications, medical research, pharmaceutical and IT&T sectors.
Ryde City Council’s proposed Macquarie Park Corridor Planning Plan aims to support the growth and development in the 75 square kilometre centre, in which employment exceeds 39,000 workers plus more than 30,000 Macquarie University students.
The corridor, part of Sydney’s Global Economic Corridor and a specialised precinct, with over 800,000 square metres of commercial floor space and the capacity to reach over two million square metres, is adjacent to the Lane Cove River National Park.
The corridor, equidistant from the Parramatta and Sydney CBDs, is bounded by the M2, Epping Road, and Delhi Road. On the southern side of Epping Road, the corridor is adjoined by low density residential development.
A key asset within the corridor is the Macquarie University precinct which includes Macquarie University Hospital – Australia’s first and only private not-for-profit teaching hospital on a university campus – the Australian Hearing Hub, and the Australian School of Advanced Medicine.
Other key assets include Macquarie Shopping Centre, leading Australian and international companies including CSIRO, Optus, Foxtel, and Microsoft, and three train stations on the Epping-Chatswood Rail link.
Under the provisions of the proposed planning controls new roads and parks networks are to be funded by major developments.
