Vicinity's vision to transform Bankstown Central into a vibrant mixed-use urban neighbourhood took a major step forward in 2021 with a range of Development Applications approved by City of Canterbury Bankstown, including 30,000 sqm of A-grade office space across three buildings and ground-floor retail incorporating a dining focussed ‘Eat Street’.
The Bankstown Vision
The Bankstown vision will transform 11.4 hectares of Bankstown CBD into a vibrant mixed-use urban neighbourhood to work, stay, dine and shop.
The long-term vision could see up to 8,400 workers, 3,500 residents and 1,800 students onsite when the final stage of the development is completed in 2050 with commercial offices, a hotel, serviced apartments, student accommodation, residential apartments, childcare facilities and landscaped green spaces all included.
The completed vision would see 300,000 sqm of new, modern buildings added to Bankstown Central’s existing footprint across 16 development sites, with staging aligned to market demand.
Over the past 12 years, more than 46,000 new residents have moved into Bankstown and more than 100 residential apartment projects are proposed or already under construction which will deliver more than 6,200 new dwellings by 2024.
Demand for new, quality residential projects in Sydney's south-west remains strong with the State’s Department of Planning and Environment predicting population growth will be 1.7% per annum over the next decade creating demand for an expected 33,000 additional dwellings per year.
The proposal aligns with The Greater Sydney Commission’s South West District Plan which identifies Bankstown town centre as a Strategic Centre to support population growth and the development of a 30-minute city.
Stage One - approved
Located within one of Australia’s fastest growing regions, the approved Stage One development of the Bankstown CBD supports adjacent major investment plans including the introduction of a Western Sydney University campus and a new Sydney Metro station to complement Bankstown Central’s already enviable rail, bus and vehicle transport links.
The approved Stage One development will include:
Two eight-level mixed-use commercial office buildings overlooking Jacobs Street and Rickard Road, including a ground floor mix of retail, wellness and food and beverage tenancies
A five-storey mixed-use commercial office building fronting Jacobs Street with ground level retail, food and beverage tenancies, and a private rooftop terrace
New ‘Eat Street’ with cafes and restaurants
New landscaped public open space including a garden boulevard and kids play area
Repositioning the existing bus interchange between The Mall and North Terrace and closer to the Bankstown train and future metro station.
New basement car park for 320 cars and 240 ground floor bicycle racks and end of trip facilities
The proposed new buildings are expected to be delivered from 2024, in line with market demand.
In addition to unparalleled public transport links and the benefits of interconnected office space, retail and related services, future tenants can take advantage of a bespoke commercial office solution, on-site parking, stability through long-term leases and strategic positioning in the heart of Sydney’s growing south-west.