MACQUARIE Group's proposal to design and deliver an integrated Sydney Metro Martin Place station development has progressed to Stage Three of the NSW Government's unsolicited proposals process, which allows Macquarie to develop a final and binding proposal for consideration by NSW Cabinet.
In a statement last week, Macquarie said its proposal offers a unique opportunity to combine the new Martin Place Metro station with the over-station development and the existing Martin Place rail station to deliver a new and vibrant transport, commercial, retail and dining precinct in Sydney's CBD.
According to the company, integrating the station and over-station development would allow for features that improve convenience for customers, and provide Sydney-siders and visitors with a destination in keeping with the civic, social and cultural significance of Martin Place.
The concept design features natural light down to the platform level, improved access for customers throughout the station precinct, and significantly more public concourse space.
Macquarie's 50 Martin Place headquarters has been included in the design, which has allowed for a number of enhancements, including an underground public concourse that provides pedestrians with a free and convenient all-weather walkway from Martin Place to Hunter Street, with the potential to connect through to O'Connell Street.
"Macquarie's proposal seeks to deliver a station precinct that offers a rich, lively and active destination for the people of Sydney and its visitors. It incorporates active street frontages and elevated street terraces to offer dining, retail and services," the company said.
"In keeping with Martin Place's heritage as Sydney's financial heart and to contribute to the city's status as a global business district, Macquarie's proposal includes two commercial towers, the design of which has been, and will be, informed by significant buildings around the world."
During Stage Three of the unsolicited proposals process, Macquarie will lodge a series of planning applications with the Department of Planning and Environment, and the community will have the opportunity to provide feedback on the proposal.