GOOD GROWTH DEMONSTRATION PROJECT 15 April 2019 CONTENTS 1 - PowerPoint PPT Presentation

GOOD GROWTH DEMONSTRATION PROJECT 15 April 2019

CONTENTS 1 Purpose, Site and Process 2 Vision and Principles 3 Demonstrating Design 4 Demonstrating Feasibility 5 Eight Lessons from Good Growth

PURPOSE, SITE AND PROCESS

PURPOSE Design a development that benefits all in the community, exemplifies liveable, sustainable and inclusive growth and is set within a commercial and economic reality. N a r e l l a n R o a d G o l d s m i t h A v e n u e M a c a r t h u r S t a t i o n Macarthur Square Gilchrist Avenue

THREE WORKSHOP PROCESS Share Shape Shine Conference 3 weeks 1 week City Futures Research Centre UNSW

VISION AND PRINCIPLES

CONVERGE AT MACARTHUR “Bringing together people and perspectives to create a new exemplar of a socially, environmentally and commercially sustainable place”

GOOD GROWTH PROJECT PRINCIPLES Sense of place Financially viable > Build on local strengths and respond to local needs > A commercially viable development model > Connections created with adjacent uses and the > A sustainable operating model surrounding community > Clear funding sources > Benefits to the broader community Inclusive community Accountable planning > An integrated and tenure blind community > Planning controls established and optimised through an accountable planning proposal > Integrated infrastructure and services, with equitable access for all residents > High quality design and construction throughout the public and private domain Future proofed Diverse housing > Design for flexibility, including flexible housing, > Housing opportunities across the housing spectrum infrastructure and services > Housing options for people of all ages and life stages > Design for environmental sustainability, climate and > Secondary compatible uses enabled water sensitivity > Good governance for sustainability and endurance

DEMONSTRATING DESIGN

Parramatta Sydney Western Sydney Aerotropolis 60 mins - interchange at Glenfield 60 mins 60 mins direct 77 mins -peak hour 30 mins 40 mins 30 MINS TO FUTURE JOBS Macarthur

AN EMERGING URBAN TRANSFORMATION PRECINCT Campbelltown Narellan Road Mt. Annan Botanic Garden Campbelltown CBD TAFE Campbelltown Western Sydney CBD University Smiths Site Creek Reserve Macarthur M5 Macarthur Billabong Square Park Campbelltown Hospital

TAFE NSW THE SITE Campbelltown e u n e v A t s i r h c l i G Western Sydney University Goldsmith Avenue Menangle Road 13 HA Macarthur Square

CURRENT CONDITION

PROJECT ASSUMPTIONS Contextual Environmental Housing > Some vegetation able to be > Adjacent land uses remain in > Housing tenures integrated on a cleared to consolidate the place building-by-building basis. development footprint . > Social and affordable housing > A small section of Bow Bowing owned and managed by a Creek can be realigned to registered community housing manage flooding and bring provider. development closer to the station

URBAN DESIGN PRINCIPLES 1 2 3 4 5 Embrace Provide mix of Promote Activate the Promote inclusive and housing offer permeable place for people sustainable active public and walkable smart city realm neighbourhood

TAFE e u n e v Western Sydney A WSUD Central Arrival Community Potential t s University i r Park Plaza Hub University & h c l Underneath i G car park Goldsmith Avenue Gilchrist Oval Main Street Bow Bowing Creek Riparian Park Macarthur Station Future Sporting Menangle Road Fields and Water Management Macarthur Square

1 Provide mix of housing offer

1 Provide mix of housing offer Apartment Units Social housing for Affordable Social Housing Youth Apartment Units Affordable Terrace Specialist older people Housing Foyer Housing Homes Disability Accommodation 1,600 SOCIAL HOUSING 10% 20% TOTAL UNITS AFFORDABLE HOUSING

2 Promote permeable and walkable neighbourhood

2 Promote permeable and walkable neighbourhood Western Sydney University Riparian corridor TAFE Macarthur station Connection to Macarthur Square PEDESTRIAN WALKWAY 1.0KM 1.3KM CYCLEWAY

3 Embrace inclusive and active public realm

3 Embrace inclusive and active public realm Riparian Active park for Universal Wide shared Passive Rooftop Slow traffic Active corridor everyone access path surveillance from parks street footpath residential 38% 17% 13 HA 7,400 SQM TOTAL PUBLICLY ACCESSIBLE ROOFTOP AND COMMUNAL OPEN TOTAL SITE AREA CENTRAL PARK OPEN SPACE INCLUDING WATER SPACE COVERAGE OF TOTAL SITE AND RIPARIAN CORRIDOR AREA

4 Activate the place for people Retail activated Arrival Plaza Community Hub street Shared Street Outdoor dining area Rooftop Park Playground Water play Railway concourse

4 Activate the place for people Universal Railway access concourse Multipurpose space Community library Retail activated street Water play Child care Outdoor dining Active Plaza 180M 1,600 SQM ACTIVATED MAIN ARRIVAL PLAZA STREET

4 Promote Sustainable Smart Cities Smart Health Care Resident Community Smart Waste Dedicated Path for Electric Car Car Share Park Management Pedestrians and Charging Point Pods F&B Delivery Apps Cyclists Public Transportation Estate Management Recycled Water Management Active/ Farmers Functional Market Park Public Wi-Fi Cloud Technology Solar Smart Homes Low Energy Harvesting Facade Material

OTHER FEATURES > Extensive and stakeholder community engagement > Further modelling of non market housing feasibility > Deeper understanding of local history and culture to inform design details > Potential design competition for a key building or open space > Detailed design for climate and sustainability > Potential for place based community governance

DEMONSTRATING FEASIBILITY

FINANCIAL MODEL Using residual land value model Begins with total sales revenue $700M Subtracts $600M infrastructure contribution $500M site costs $400M construction costs $300M $200M other costs $100M profit $M n g T t e n n y s e Viable when residual amount = land value i r c e u o n S f o o o u n x l i i i i G a t t t t r t a e a e a c P c V g T s k r u u a i i r d r r t d l a p t a t n n s s n M e e o a n a a r R C L o r P f g C s n l e n a s I u t i o c i S d r n G i a s n e i R F

REVENUE Assumptions > Based on sales of comparable units in area $700M > 4% commissions on sales $600M > 10% GST $500M $400M $300M $200M $100M $M n g T t e n n y s e i r c e u o n S f o o o u n x l i i i i G a t t t t r t a e a e a c P c V g T s k r u u a i i r d r r t d l a p t a t n n s s n M e e o a n a a r R C L o r P f g C s n l e n a s I u t i o c i S d r n G i a s n e i R F

INFRASTRUCTURE CONTRIBUTIONS $700M Assumptions $600M > Developer enters into VPA with Council > Land owner provides: $500M - 7,000+sqm public park $400M - 1.3km walking/cycling trail $300M - public plaza - community hub site $200M - social and affordable housing sites $100M > No local infrastructure contributions payable $M > No state infrastructure contributions payable n g T t e n n y s e i r c e u o n S f o o o u n x l i i i i G a t t t t r t a e a e a c P c V g T s k r u u a i i r d r r t d l a p t a t n n s s n M e e o a n a a r R C L o r P f g C s n l e n a s I u t i o c i S d r n G i a s n e i R F

SITE COST Assumptions > Includes: $700M - site preparation $600M - enabling infrastructure $500M - stream reallocation $400M > CHPs contribute to site preparation costs, pro rataed $300M $200M $100M $M n g T t e n n y s e . i r c e u o n S f o o o u n x l i i i i G a t t t t r t a e a e a c P c V g T s k r u u a i i r d r r t d l a p t a t n n s s n M e e o a n a a r R C L o r P f g C s n l e n a s I u t i o c i S d r n G i a s n e i R F

CONSTRUCTION COST Assumptions > Above ground parking $700M > 0.7 per unit $600M > Excludes: $500M - Commercial building - community hub building $400M - social and community housing building $300M $200M $100M $M n g T t e n n y s e i r c e u o n S f o o o u n x l i i i i G a t t t t r t a e a e a c P c V g T s k r u u a i i r d r r t d l a p t a t n n s s n M e e o a n a a r R C L o r P f g C s n l e n a s I u t i o c i S d r n G i a s n e i R F