THE $1.5 billion redevelopment of Darling Harbour has moved forward after Lend Lease's concept proposal for a new residential and commercial neighbourhood, received the greenlight.
Located south of Pier St and adjacent to the convention venues being delivered by Darling Harbour Live, the new neighbourhood is a major part of the NSW government’s project to revitalise a much loved part of the city.
Darling Harbour Live is also being delivered by a Lend Lease-led consortium in a $1 billion Public Private Partnership between the NSW government.
“We are very pleased that the Department of Planning and Infrastructure has approved the Concept Proposal for a new urban neighbourhood at the southern end of Darling Harbour,” Lend Lease executive director Rob Deck said.
“We’ve consulted extensively with stakeholders and the community on our plans to create an attractive district befitting the site’s location amongst the growing hub of tertiary education providers, media, technology and IT industries.
“The proposal includes student accommodation, offices, retail, residential, a new community/IQ hub and dining spots,” he added.
Detailed designs for the first student accommodation, residential and commercial buildings, public spaces and pedestrian/bicycle connections are currently going through the planning process, as is the proposed hotel adjacent to the new convention centre in the north of the precinct.
The neighbourhood and hotel have a combined anticipated end development value of circa $1.5 billion.
Property Review
