LiverpoolCouncil and national construction and development group Built have signed an agreement to jointly develop the $400-million LiverpoolCivicPlacemixed-use precinct.
Designed by fjmt architects, Liverpool Civic Place on Scott Street will provide new public spaces, community facilities and job opportunities for residents while attracting more commercial investment into the city.
Specifically, the masterplan development application lodged last week will include:
- New council offices, council chambers and childcare (total 17,000 square metres);
- A new city library (5000 square metres);
- A 24-level tower to accommodate a mix of commercial, retail and education spaces; and
- A nine-level hotel or student-accommodation building and parking.
Liverpool mayor WendyWaller hailed the signing as a historic moment that will kick-start the southern end of Liverpool, considered by many to be Sydney's third CBD.
"We're getting on with things with Built as a key partner," Ms Waller said. "This is a stunning complex of buildings that's going to serve the community very well.
"We're the airport city but we're also a city with heart and history. I've always said we can grow with clever design and Liverpool Civic Place will be one of the jewels in our crown."
Built managing director BrettMason said the company was proud to partner with Liverpool Council and play a part in delivering such a transformative project.
"This is a great example of private-sector partnering with government to unlock opportunities within existing assets to benefit the community and attract more investment into Liverpool," he said.
Liverpool Council has committed $195 million to deliver the council assets which will include community facilities in the first stage of the project which Built will construct.
Built will cover the commercial costs of the remaining stages of the project.
All stages remain subject to further development-application approval.
"We've been in open discussion with a number of potential tenants and partners interested in the mixed-use precinct," Mr Mason said.
"This project offers great potential and flexibility for a number of uses which can take advantage of the unique location and activation of Liverpool Civic Place to cater for the growing commercial and education demands of Liverpool and the South-West."
Ms Waller said Liverpool Civic Place was part of more than $1-billion worth of major mixed-use developments in the pipeline for the city of Liverpool.
"It's a great example of the council leading activation of our own CBD using existing assets.
"The council owns the land Liverpool Civic Place will be built on. Watch this space. We'll be doing more great things with council land in our CBD in future."
Construction on stage one of Liverpool Civic Place is expected to start in the middle of next year and is due to be complete by mid-2022.
Established in 1998, Built has grown to be one of the largest, private Australian-owned construction and development groups with in excess of $2.2 billion work in hand. Built has a strong track record in delivering some of Australia's most recognised construction projects and refurbishments and is currently constructing Towers 3, 4, 6 and 8 as part of Walker Corporation's transformative Parramatta Square precinct.
Built's development business focuses on working in partnership with public and private partners to uniquely identify opportunities and unlock asset value. Built's current development pipeline includes the redevelopment of the heritage-listed Sub-station No.164 on Clarence Street in the Sydney CBD and delivery of the Double Bay Cross Street carpark into a new mixed-use development and cinema complex.