Development on the horizon

There’s more coming to Sydney Olympic Park, with Capital Corporation set to construct an eight storey mixed commercial and retail development at site 43/44, on the corner of Australia and Herb Elliott Avenues.

On public exhibition until 31 January 2012, it is proposed the new development will offer office space, two levels of basement parking, retail shops and the first supermarket to service the Park.

The development is to be constructed in stages by Capital Corporation, providing for 42,000 square metres of Gross Floor Area in total.

Sydney Olympic Park is a sought after destination for the business community, after recognised recently as Sydney’s best-performing metropolitan (non-CBD) market for office space with a remarkable 0.7% vacancy rate. This development will present new opportunities for businesses to relocate to the Park as well as provide for additional public amenities, to service the local community of residents, workers, students and visitors.

Sydney Olympic Park Authority is working towards the realisation of Master Plan 2030, developing the suburb to be a vibrant and thriving urban centre. More than $1 billion of development projects have been approved at the Park since the Sydney 2000 Olympic and Paralympic Games, demonstrating the business community’s confidence in the future of the Park.