- Contributing up to 10,000 new jobs in the Bankstown area by 2036
- New A-grade commercial office and research spaces, residential buildings, student accommodation, short term accommodation, plus new public spaces, improved retail and an entertainment precinct
- Masterplan submitted to Council in 2019
- Town planning applications for first stage of the redevelopment submitted – first three office buildings, refreshed retail offer and car parking
Vicinity Centres (Vicinity) and CIP Asset Management have revealed the evolution of the first stage of their 2050 Masterplan to transform 11.4 hectares at Bankstown Central by redeveloping it into a vibrant mixed-use community, that could emerge as a major new health and education innovation precinct for Western Sydney, following the world-class precedent set at Westmead where a health and knowledge district has been created.
Recently on public exhibition, the first stage of the proposed development includes the delivery of three state-of-the-art commercial office buildings located above a retail podium, in addition to a large public plaza and all-new ‘Eat Street’, providing new meeting and dining areas for the Greater Bankstown community.
Vicinity’s Chief Development Officer, Carolyn Viney, said the first stage of Vicinity and CIP Asset Management’s Bankstown redevelopment of Bankstown Central will revitalise the Bankstown CBD and provide the foundations for the creation of a new health and education innovation precinct – delivering on the NSW Government’s vision for the area and securing a profound economic and jobs boom for Bankstown.
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