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Billion-Dollar Projects Set to Transform Sydney by 2025

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Billion-Dollar Projects Set to Transform Sydney by 2025 NSW Billion-dollar projects set to transform Sydney by 2025 Sydney has been on pause for much of 2020, but construction hasn’t — with a multi billion-dollar renaissance underway that will transform how we live and work in Sydney in just five years. INTERACTIVE: HOW YOUR CITY WILL CHANGE Gillian McNally, The Daily Telegraph Subscriber only | July 30, 2020 12:00am Despite the economic turmoil of COVID-19, mega-dollar developments have been powering through the pandemic and will change the face of Sydney in the next five years. By 2025, a string of new billion-dollar skyscrapers will dot Sydney’s skyline, Parramatta’s mammoth CBD transformation will be complete, 31 new metro stations will be up and running and stage one of Sydney’s second airport close to opening. And it won’t stop there. As the NSW government looks to construction to drive economic recovery and job growth, billions more in developments are being fast-tracked across Greater Sydney, which together with planning reforms cutting approval times, will bring more high-rise development along transport corridors. But there will be challenges, warns Urban Taskforce CEO Tom Forrest, with the pandemic likely to impact how future commercial projects play out in terms of office space requirements, retail and residential needs. He said councils like City of Sydney, which favour commercial development, may need to be flexible in terms of planning rules, allowing more residential components to boost off-the-sale plans and ensure future projects are feasible. “You need something to be flexible, because the lessons from the ‘90s (recession) is if you don’t do that, you’ll have holes in the ground blighting the city,” Mr Forrest said “That doesn’t help employment, that doesn’t help the city, that doesn’t help the commercial sector — and it doesn’t create an enlivened city by having people living in the place.” These are the big projects that will change how we live and work in Sydney by 2025. Coming soon: from left, the Poly Centre, the Salesforce Tower at 180 George ST and Mirvac’s planned 55 Pitt St near the Museum of Sydney. Quay Quarter Lanes directly behind Customs House will become a buzzing residential and retail area filled with cafes, bars and restaurants The Quay Quarter’s three residential and retail buildings will be finished next year, with 104 apartments and 21 shops expected to create a lively precinct surrounding the twisting 216m 6- Greenstar skyscraper, which brings 4000sq m of sky gardens and terraces by 2022. The Salesforce tower, set to be Sydney’s tallest office building, will further enhance the precinct with an 800sq m $19 million public plaza, along with multi-level laneways lined with shops, cafes, and a swanky new Jackson’s on George bar. An artist’s impression of Quay Quarter Tower, a vertical village made up of five ‘blocks’ shaped to capture daylight and great views for professionals. Ones to Watch 55 Pitt st: Mirvac’s 232m commercial tower, estimated for completion 2026. 1. CIRCULAR QUAY The new poster child of Sydney’s renewal, Circular Quay’s boarded-up construction zones will be replaced by five sparkling developments in 2025, bringing a new public square, boutique laneways, shops, apartments and work spaces fit for a world-class city. This super development site is bookended by AMP Capital’s ‘vertical village’ at Quay Quarter, Lendlease’s 268m Salesforce Tower, Yuhu Group’s Circular Quay tower, Mirvac’s $1.5 billion Pitt St tower and the Poly Centre tower at 210 George St. 56 Pitt St: Dexus estimated $3 billion super-tall tower, if it goes ahead, could soar to 305m. Cnr Alfred & George St: Yuhu’s 197m One Circular Quay apartment tower and hotel. Circular Quay ferry wharves: Construction on the $200m revitalisation expected by 2023. Artist’s impression of the new George Street Square designed by British architect Sir David Adjaye and Indigenous artist Daniel Boyd. NSW is currently working with two short-listed consortia to progress concepts for a renewed Circular Quay. Pictured: artist’s render of future wharves, 2. BARANGAROO Barangaroo South will be done and dusted by 2025, delivering new public spaces, retail, restaurants, a new metro station, housing for 3500 residents and commercial space for 24,000 workers in the bustling waterfront district. The crowning glory in the $10 billion transformation of the former docklands — the 271m Crown Casino and Resort — will open in December this year. The six-star hotel will be in good company by 2023 when the first of three luxury towers at One Sydney Tower opens. Complemented by Watermans Cove, an amphitheatre-style boardwalk on the water, and Hickson Park, a green link across Barangaroo South, the new precinct is expected to generate $2 billion a year for the economy. Coming soon: Barangaroo's new Sydney Harbour Cove, the towering Crown Casino and Resort and One Sydney Harbour, the Renzo Piano-designed luxury towers. (Artist's impressions) A rendering of Hickson Park from the next section of Barangaroo’s public domain. One to watch; 100 Barangaroo Ave: Market launch and construction date for One Sydney Harbour’s two remaining Renzo Piano designed towers expected to be announced soon. Barangaroo Central, planning underway for the final site including 3ha of public space and waterfront walkway. 3. SYDNEY CBD Sydneysiders can expect a buzzing, pedestrian friendly city with a backdrop of billion-dollar architecture by 2025, with 24-hour trading encouraging dining, shopping and cultural events after dark. With the George St light rail and new metro stations boosting development opportunities, new clusters of super towers will continue to emerge as the Central Sydney Planning Strategy raises the skyline above 300m. An artist's impression of the proposed 274m tower at 505 George St. Picture: Ingenhoven Architectus Coming soon: From left, the Greenland Centre; the proposed mixed-use precinct at 505 George St; Martin Place integrated station development next to 50 Martin Place. This year, the Greenland Centre’s 235m tower at 115 Bathurst St will be completed, delivering a $25 million Creative Hub including space for dance, theatre, music, film and visual arts. But the 67-storey tower will soon be dwarfed by Mirvac and Coombe’s soaring 274m super slim $1 billion skyscraper at 505 George St. Set to revive the entertainment precinct, the Events cinema will make way for the proposed mixed-use, residential-led precinct including 507 apartments, luxury serviced suites, a rooftop restaurant and bar, boutique cinema, retail and a childcare centre. Ones to watch 338 Pitt St: The $726 million New York style twin hotel and apartment towers proposed by China Centre Development and Han’s Group could go as high as 80 storeys. Martin Place North: Macquarie Group will deliver two new towers above the new Martin Place Metro station including retail space, underground walkways and public space by 2025. 4. CENTRAL STATION PRECINCT Adventurous projects are in the works for the city’s western gateway, including a bold reimagining of Central Station, anchored by Atlassian’s timber hybrid skyscraper. Dexus and Frasers $2.5 billion plan for Henry Dean Plaza has been green lit to progress, and a design competition expected soon with construction underway by 2025. A render of how the redeveloped Henry Deane Plaza could look. Atlassian’s $1 billion tower next to the station will be the flagship project in Sydney’s new ‘Silicon Valley’, a tech hub on the station’s northern end driven by the NSW Government and forecast to draw 25,000 workers by 2025. Meanwhile, the station itself continues to undergo a $955 million redevelopment as part of the Sydney Metro project, expected to be wrapped up by 2024. An artist’s impression of Atlassian Sydney Headquarters, which would be the world’s tallest hybrid timber building in the tech precinct at Central Station. Sydney’s CBD will expand south with the opening of the Central Precinct Renewal Project. One to watch Central Precinct Renewal Program: The 24ha State Significant Project will eclipse Barangaroo in terms of scale and cost, expanding Sydney’s southern CBD into land bounded by Pitt, Cleveland and Elizabeth Streets and Eddy Ave. Early plans expected 2021. 5. DARLING HARBOUR With the spectacular $700 million Ribbon opening this year, bringing the world’s largest IMAX screen to town, along with shops, a W hotel, serviced apartments, bars, restaurants and public space, Darling Harbour will soon be unrecognisable from its 1988 beginnings. But it will be $2 billion 6-Greenstar Cockle Bay Park tower that will supercharge the area, reconnecting the bay to the CBD, with a revitalised 10,000sq m retail precinct and 10,000 sqm of public space. Artist's impression of the HASSELL designed $700M 'The Ribbon' in Darling Harbour. Artists impressions of the planned $2 billion Cockle Bay Park, which will improve the pedestrian connections between the Sydney CBD and Darling Harbour. About 7000 sqm will be an elevated park over the eight-lane Western Distributor. The 183m tower designed by Danish architect Henning Larsen will be elevated on pillars and broken up by green space woven through the building to give it a floating effect. Shops, bars and restaurants will string along a public path that will connecting to the city centre and while it won’t scrape in by 2025, it’s slated for completion the following year. An overview of Mirvac's updated plans for Habourside, Darling Harbour. Ones to watch; Harbourside Shopping Centre: Mirvac has resubmitted plans to build a taller, thinner residential tower on the site as part of its proposed mixed-use redevelopment of site.
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