Sydney developer Mackycorp has commenced discussions with the Liverpool Council to build a new $210 million pub/hotel and office project in the heart of the Liverpool CBD.
The developer, led by managing director Michael Hercus, plans to refurbish the heritage New Commercial Hotel and Malaysian restaurant at the corner of Bigge and Scott Streets as well as build a 25-storey, 26,000sq m commercial tower above it.
The site is strategically located opposite the Liverpool train station.
The project will also include a walk-through “Spice-Alley” style food stall forecourt to be known as “The Stables”, mirroring the success of the original Spice Alley in Frasers Property and Sekisui House’s Central Park mixed-use project in the Sydney CBD.
Mr Hercus said the the arrival of the government agency Western Sydney Airport Co (WSA Co), which would build and operate the Western Sydney Airport in Badgerys Creek was the motivator for the project, with the growth of the region likely to attract new businesses and commercial tenants.
“Engineers, architects, designers, builders and other construction-related businesses will favour accommodation close to WSA Co given the level of investment involved to deliver the circa $5.3 billion project,” he said.
“Our goal is to deliver an A-grade commercial tower with a world-class ground-floor retail, food and beverage offering.
“We really like the fundamentals for Liverpool, the existing health infrastructure, rail infrastructure, city grid system and population growth bode well for a successful city.”
Mackycorp’s plans tie in with the NSW government’s latest initiative to help businesses move to the area with faster planning and enhanced digital connectivity. It will set up a Western Sydney Development Authority with the commonwealth government to work on early delivery of utilities and other infrastructure, speeding up development.
The growth of Liverpool as the financial hub of Sydney’s third city, the “Aerotropolis”, has attracted a hive of commercial activity.
Both the local Liverpool City Council and NSW government are building offices and commercial spaces in the Liverpool CBD while ASX-listed property group Boyuan will lead a consortium to develop a 344-hectare masterplanned health, retail and logistics development, the “Northern Gateway development”, near the airport.