Mirvac has received two important development approvals for its $1 billion precinct at South Eveleigh in Sydney.
The ASX-listed developer is currently in the midst of a major urban renewal project at Australian Technology Park (ATP), developing the 13.2 hectare site into a world-class technology and innovation hub with the addition of three new commercial buildings.
Mirvac has now secured sensitive conversion and adaptive re-use permits to redevelop the century old Locomotive Workshops in a bid to repurpose the buildings into its Silicon Valley-style technology hub.
“For over 100 years the precinct was the engine room for Australia’s rail network, pioneering technology and advances in industry,” Mirvac project director William Walker said.
“We are restoring the precinct to its former status as a technology powerhouse with the Locomotive Workshops set to become a place for organisations of all shapes and sizes to find common ground to collaborate on the jobs and industries of the future.”
Mirvac said it worked closely with the heritage council and community groups to progress the transformation of the site and secure necessary approvals.
The applications have been approved with the condition that Mirvac submit its heritage interpretation plan for approval prior to the first construction certificate being issued.
Nick Sissons, partner at Sissons Architects and lead designer of the Locomotive Workshops, said the redevelopment presented a unique opportunity for a heritage-led design process that reveals and celebrates the old, whilst embracing the new.
The development of the heritage former rail yard is the second of its kind undertaken by Mirvac, which also transformed another locomotive property in Harold Park, Glebe, the Tramsheds.
“For heritage places to remain relevant, they must be adaptively reused to meet the needs of current and future users,” heritage consultant for the Locomotive Workshops Natalie Vinton said.
“By creating amazing cultural heritage experiences in everyday environments, we are investing in our custodians of heritage for the present and the future.”
Mirvac won the hotly contested tender to buy the Australian Technology Park from the NSW government for $263 million in late 2015, and quickly set plans in motion to redevelop the site south of Redfern.
The completed precinct will eventually cater to 18,000 workers, including staff from the Commonwealth Bank (CBA), Channel 7 and CSIRO.
The new CBA campus is planned for completion in 2020 and the bank will lease two buildings on a 15-year term. It will house 10,000 employees, the largest number of employees the bank has ever been able to accommodate on a single site.
The technology park, which has had its name changed to South Eveleigh, will also feature cafes, a supermarket, sporting facilities and public spaces.
The precinct will provide more than 700 car spaces, as well as 600-plus secure bicycle spots across the three buildings.
Construction on the Locomotive Workshops will begin in 2019 and is expected to be completed in 2020.