The three other proposed developments are refurbishment of the soon-to-be heritage-listed Civic Administration Building and carpark sites alongside Bledisloe House and behind the Auckland Town Hall.
Mr Macrae said the land at the back of the Aotea Centre had always been earmarked for expansion. The intention was to create additional studio and rehearsal space to accommodate the Auckland Philharmonia Orchestra (APO), New Zealand Opera, Black Grace Dance Company and the Royal New Zealand Ballet, which is keen to spend several months based in Auckland.
"It would become a high performing training centre for the performing arts and entertainment with a very strong youth focus," Mr Macrae said.
The plan was to make the Aotea Centre accessible 24 hours a day, triple attendance figures and able to self-fund running costs.
Mr Macrae said Regional Facilities Auckland had funding in the council's 10-year budget for the estimated $64 million project, which he said "would do us for 50 years".
APO chief executive Barbara Glaser said the council vision for the Aotea Quarter was "fabulous and we want to be part of it".
It provided the opportunity for the city's orchestra - 72 players and 28 administrative staff - to move from three buildings in Dominion Rd to a purpose-built rehearsal studio at the Aotea Centre, which she said was going to become a great collaborative space for many art forms.
Royal New Zealand Ballet managing director Amanda Skoog welcomed the opportunity to use the Aotea Centre as a second home to Wellington, saying the company could extend the current three weeks spent in Auckland to a couple of months.
"It's our biggest market, but our audiences in Auckland don't get the same experiences. We would have rehearsal studios and could have some rehearsing time leading up to an opening and give the public the opportunity to see the process."