The strategic centre of Macquarie Park is a health and education precinct. The centre contains Macquarie University and Macquarie University Hospital. Macquarie Hospital and CSIRO Lindfield are nearby.
Macquarie Park is the largest non-CBD office market in Australia with 854,254 square metres of office floor space (January 2014) and continues to develop. It has grown as a major centre for knowledge-intensive employment and now accounts for one-third of jobs in the centre15.
In 2016, the centre was estimated to include approximately 58,500 jobs. Wholesale trade, professional, scientific and technical services and information, media and telecommunications are significant employment sectors in the centre. Maintaining a high quality commercial core will allow continued growth of the precinct as a major employment hub16.
The centre includes Macquarie Centre shopping precinct and is serviced by three train stations with links to Chatswood and Epping and local and regional bus services. The potential for improved future connections with Parramatta and the District’s other strategic centres including Frenchs Forest would present further opportunities in the area.
Transport for NSW has plans to upgrade transport services within the area. These include:
- faster and more efficient interchanges between buses, trains and taxis
- provision of continuous kerbside bus lanes along Herring Road (between Ivanhoe Place and Waterloo Road), Waterloo Road (between Cottonwood Crescent and Lane Cove Road), and southbound on Lane Cove Road (between Waterloo Road and Epping Road); and
- intersection upgrades.
Stage 1 of these works started late in 2017 and will be completed before the rail conversion shutdown in late 2018. Stage 2 improvement works will commence after Metro Rail commences operation in 2019.
Macquarie Park is identified as a place where the Greater Sydney Commission will chair the collaboration process, given its important health and education uses.
It is an Urban Renewal Area including Macquarie University (Herring Road) Precinct, North Ryde Station Precinct and Macquarie Park Investigation Area.
The NSW Department of Planning and Environment is leading planning in this area, in collaboration with the Commission, City of Ryde Council, NSW Health, Macquarie University, Macquarie Centre, Transport for NSW, NSW Roads and Maritime Services, and Department of Industry.