Central Park occupies nearly six hectares of the southern Sydney CBD, defining Sydney's 'downtown'. Central Park is the visionary re-development of the old Carlton & United Brewery site, bordered by Broadway, O'Connor, Wellington and Abercrombie Streets in Chippendale.
The modified concept masterplan for this rare site was approved by the NSW Minister for Planning in February 2009, and includes the protection of heritage buildings, new parklands and community facilities and substantial upgrades to urban infrastructure.
The expansive site allows for the development of approximately 235,000 sqm of residential, commercial and retail space. Around 2200 residential apartments and around 900 student dwellings may be built on the site, delivered over 3 - 10 years.
A total of 828 student dwellings will be accommodated throughout the site, to address a shortage of student housing in the area.
The NRAS scheme means each student dwelling will be subsidised with either a grant or tax offset of $$9981 a year, for 10 years, indexed annually.
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