Development plans for a new university to be in operation by 2025 have been announced for Sydney’s north west, a move forming part of the $3 billion masterplanned business park 35km from Sydney CBD.
Developer Mulpha is planning to establish a university joint venture as part of its vision to deliver a 'smart city' innovation hub in its 377-hectare Norwest Business Park.
In a call for expressions of interest, Mulpha Norwest, which is a wholly-owned subsidiary of Mulpha Australia, says it will partner with the successful provider to deliver a purpose-built $50 million university building.
A development application is targeted for lodgement with the Hills Shire Council in 2021, with the university campus pegged as ready to go in the 2025 academic year.
The partnership involves a prime site, with connection to the new Norwest Metro Station, in the new city centre for a university campus to be called the Librarium.
Mulpha executive general manager Tim Spencer said the offer was an opportunity for an education provider to create the “future of workplace and community education” in the masterplanned precinct.
“We expect the successful provider to work closely with our community to help them manage and thrive in the digital age,” Spencer said.
As part of the partnership, Mulpha will deliver the infrastructure, building and rent concessions.
“The building would contain a re-imagined traditional district library, an innovation incubation hub, a University campus and a roof top area.”
Mulpha has plans to double the precinct’s business and residential capacity over the next ten years delivering a mix of multi-purpose, multi-generational housing and business.
“By 2031, Norwest will require approximately 375,000 square metres of commercial floor space to meet the future employment demands of the region and will become the largest employment centre in Sydney’s North West Sector,” Spencer said.
A projected 650,000 residents are forecast to live in the north west sector by 2036.
Last month the developer won approval for its first timber commercial building in the precinct, a $53 million Fitzpatrick & Partners-designed development.