Sydney Fish Market redevelopment to deliver 1,500 homes
This acceleration comes after a rezoning initiative that aims to unlock an additional 320 homes in the precinct.
The project includes a 7.5% affordable housing contribution, ensuring these homes remain affordable in perpetuity.
The Rezoning Proposal, enabled by the NSW Government's State Significant Rezoning Policy, has amended the Sydney Local Environmental Plan 2012 to increase residential floor space.
This move is part of a broader effort to revitalise the harbour foreshore and address the exodus of young people from Sydney due to high housing costs.
The development will offer new homes near transport links, with over half of the Blackwattle Bay precinct becoming open and accessible to the public.
This includes a 1.1-hectare waterside park and a waterfront promenade that completes a 15km foreshore walk from Rozelle Bay to Woolloomooloo.
Infrastructure NSW is in the process of selecting a development partner through an open and competitive expression of interest.
Lendlease, Mirvac, and Stockland are the three shortlisted developers expected to submit their proposals next month.
The state government aims to start the project as soon as possible, with a focus on public spaces along the waterfront.
Upon completion, the site will offer housing, commercial spaces, retail, and cultural experiences.
The first new homes are anticipated to be built by 2028, with construction expected to continue for another six to eight years.
Meanwhile, Powerhouse Parramatta, the museum project in NSW, has reached a significant milestone, achieving its full 75m height.
The project's steel exoskeleton, which constitutes the majority of the 12,000 tonnes of steel used, allows for seven column-free exhibition spaces. Two spaces are already being prepared for exhibits.
Powerhouse Parramatta, set to attract two million visitors annually, represents a cultural infrastructure investment by the NSW Government.
The Neilson Foundation has donated A$5m ($3.2m) to the project, which includes naming rights for an exhibition space. The Powerhouse Museum philanthropic campaign has now raised A$65.9m, in addition to the NSW Government's A$840m investment.
Construction of Powerhouse Parramatta is expected to be completed by the end of this year, with a public opening scheduled for late 2026.
NSW Minister for Lands and Property Steve Kamper said: 'Today's topping out and completion of the exoskeleton marks an impressive milestone and is a clear indication of the scale and momentum behind this landmark build.
"Once finished, Powerhouse Parramatta will be the largest museum in NSW, with 18,000m² of exhibition and public space - a true cultural and architectural icon for Parramatta and Western Sydney.'
In April this year, the NSW Government approved a new A$139m warehousing estate in Western Sydney's Aerotropolis, marking further development in the region.
"Sydney Fish Market redevelopment to deliver 1,500 homes" was originally created and published by World Construction Network, a GlobalData owned brand.
The information on this site has been included in good faith for general informational purposes only. It is not intended to amount to advice on which you should rely, and we give no representation, warranty or guarantee, whether express or implied as to its accuracy or completeness. You must obtain professional or specialist advice before taking, or refraining from, any action on the basis of the content on our site.
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