north sydney centre · headquarters for leighton properties due for completion 2015 39,249m 2 gfa...
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NORTH SYDNEY CENTRE
Warwick Winn, General Manager October 2014
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CONSOLIDATED COMMERCIAL CORE to protect its economic viability
Our Vision for North Sydney…
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MIXED USE ZONE on the fringe to attract residents
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Recent Development Approvals/Completions
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Commercial Development 3 major commercial developments
FLOORSPACE WORKERS INVESTMENT
125,000m2 6,000 people $500 million
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Headquarters for Leighton Properties
Due for completion 2015
39,249m2 GFA (1,570m2 floorplates)
2,000 workers
Estimated CIV $158 million
177-199 Pacific Highway
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40,100m2 GFA
1,250m2 floorplates
2,000 workers
Estimated CIV $189 Million
86-96 and 100 Mount Street
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46,500m2 GFA
1,250m2 floorplates
2,000 workers
Estimated CIV $291 million
1 Denison Street
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Mixed Use Development
>1,300 new dwellings
2,500 residents, doubling the Centre’s population
10 recent approvals / completions
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North Sydney Workers Industry of employment
Source - North Sydney Commercial Centre Study 2012
SYDNEY NORTH SYDNEY
36% 9%
15% 7%
Professional, Scientific and
Technical Services
Financial and
Insurance Services
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Source: Global Competitive Index (ANZSOG Institute for Governance and Commonwealth
Department of Immigration and Citizenship (DIAC)
Proportion of workers in knowledge intensive industries
0%
10%
20%
30%
40%
50%
60%
North
Sydney
Sydney Willoughby Lane
Cove
Ryde The Hills
Shire
Parramatta
OVER
50%
North Sydney has the highest proportion of workers in knowledge intensive industries
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Source – Global Competitive Index (ANZSOG Institute for Governance and Commonwealth
Department of Immigration and Citizenship (DIAC)
Proportion of workers with university qualifications
North Sydney has the highest proportion of workers with university qualifications
0%
10%
20%
30%
40%
50%
60%
North
Sydney
Sydney Willoughby Lane
Cove
Ryde
OVER
50%
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North Sydney Workers Individual income distribution (average)
Source - North Sydney Commercial Centre Study 2012
SYDNEY NORTH SYDNEY GROSS
WEEKLY INCOME
11% 9% $67,600 – $83,200
9% 6% $83,200 – $104,000
22% 9% $104,000+
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36% of workers are
FAIRLY SATISFIED working in the
North Sydney area
8% are unsatisfied
Worker Satisfaction
Source - North Sydney Commercial Centre Study 2012
56% of workers are
SATISFIED working in the North Sydney area
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Preferred Location for Tenants
Source - North Sydney Commercial Centre Study 2012
-100 -80 -60 -40 -20 0 20 40 60 80 100
Parramatta
South Sydney
(Alexandria)
North Ryde
(Macquarie Park)
Chatswood
St Leonards
North Sydney
Sydney CBD
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0
5
10
15
20
25
Ja
n-0
1
Ju
l-01
Ja
n-0
2
Ju
l-02
Ja
n-0
3
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Jan-0
4
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Va
can
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ate
(%
)
North Sydney Chatswood Sydney CBD Crows Nest/St Leonards North Ryde
Vacancy
Source PCA Office Market Report
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Business Support programs
$ Saved on
utility bills
contribute
to the
enviromental
upgrade change
Commercial
funds provided
to building
owner for
retrofit
Council
passes on
repayment
to lender
Enviromental
upgrade charge
collected by council
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Majority of trips made by walking
Traffic & Pedestrian Management Strategy
Changes to traffic operations Shared zones
Additional pedestrian crossings Footpath continuation treatments
Upgrades to Miller Street Cycleways
STRATEGY
Assesses pedestrians behaviour
Prioritises pedestrians
Identifies works to improve pedestrian amenity and flow
1
2
3
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Public Domain
NEW granite paving, seating and bus shelters
Upgrades of Brett Whitely Place,
Walker Street and Miller Street
UPGRADE
First pavers under the style guide were
laid in September
SEPT 2014
NEW Public Domain Style Guide being
implemented
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Marketing Strategy
Developed by Frost
DEVELOP
Will be implemented
early 2015
2015
IMPLEMENT
Strategy supports vision
for a more vibrant CBD
STRATEGY
Council to focus more on events
to generate activity
FOCUS
New events team appointed
MANAGE
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Education Precinct
Council is investing in developing the
Education Precinct
Adding seating, widening footpaths, public art to
create more spaces for people to meet and socialise
Over 5000 students attend
this precinct
Home to ACU, Shore and North
Sydney Demonstration School
Council is transforming the precinct into a
‘living campus’
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23
THANK YOU