Central Park commercial campus, by Foster + Partners

7 July, 2010 – Frasers Property Australia has received approval for its Central Park development on Broadway in Sydney’s southern CBD, with construction of the project’s two residential towers to begin before the end of 2010.

Managing director of Fraser Property Australia Dr Stanley Quek said that the company aimed to develop Australia’s first 6 star Green Star mixed-use precinct.

“Sales of our first residential release will begin within weeks, with construction to start by the end of the year.

“We have ensured that each stage of Central Park not only features outstanding international design but is also sustainable, taking us closer to our goal of achieving the first 6 green star mixed-use precinct in Australia.”

A media release from the company said plans included on-site tri-generation of power that aimed for carbon neutrality in operation, water recycling and blackwater treatment plant. A passive solar design will also be incorporated, with one of the towers to feature a heliostat installation of fixed and motorized mirrored panels designed to capture sunlight and redirect it into the retail atrium and onto the landscaped terraces.

Digital rendition of future One Central Park

Designed by Ateliers Jean Nouvel, the two residential towers, to be known jointly as “One Central Park,” will contain 593 apartments above a 16,000 sqaure metre, five-level retail and recreation complex.

The eastern residential tower will rise to 116 metres and the western tower to 64.5m, above the retail recreation podium. The apartment mix will be diverse, including one bedroom suites, two-key floor plans, 1, 2 and 3 bedroom apartments and sky homes, with pricing from mid-$400,000s.

The Central Park development will also feature a commercial campus designed by Foster + Partners, comprising 68,000 sq m, which will commence construction in 2011.

Construction is already underway on the $2 billion precinct – occupying 5.8 hectares on the site of the old Carlton United Brewery – following approval of the 6500sqm main park and road infrastructure works in February 2010.