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.
“Bankstown Central’s location and strong public transport links, including the new Metro station, to be delivered in 2024, represent the perfect platform to support a future health and education innovation precinct, and the town planning applications made reflect the first stage in evolving Bankstown Central to meet expected future demand for these uses.
“Our plans integrate office and retail space, providing a place where residents of Sydney’s south-west can live, work and play close to home, while providing the opportunity to transform the area into a true city of the future.”
Vicinity and CIP Asset Management’s masterplan reflects their confidence in the Bankstown CBD in the context of plans outlined by NSWs’ Greater Sydney Commission.
Taking advantage of its location in the heart of Bankstown’s CBD, the town planning applications include:
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