26 June 2008
Key Points:
The Barangaroo site will be transformed into an international benchmark for urban waterfront renewal.
The NSW Government has embarked on one of the biggest and most exciting urban renewal developments for Sydney spanning the next two decades. Barangaroo (formerly East Darling Harbour) is located on the Sydney Harbour Foreshore adjacent to Australia’s financial centre. This area will be transformed into an international benchmark for urban waterfront renewal, similar to the likes of Canary Wharf in London and Battery Park and Battery City in New York.
The Barangaroo site
The Barangaroo site is 22 hectares with an approved built space of 388,300m² of gross floor area. The site will comprise 11 hectares of public domain which is expected to include a 1.4 kilometre public foreshore promenade and parklands, including a new headland park at the northern end of the site. The NSW Government, through the Sydney Harbour Foreshore Authority, will retain ownership of the land on which the public domain will be constructed.
Barangaroo will complete a 14 kilometre pedestrian foreshore promenade between Woolloomooloo and the ANZAC Bridge.
International urban design competition
The NSW Government held an international urban design competition during 2005 and 2006 for the purposes of:
The winners were Hill Thalis Architecture + Urban Projects, Paul Berkemeier Architect and Jane Irwin Landscape Architecture. They worked with the NSW Government to transform their ideas into an application for Concept Plan approval, which was exhibited to the public in October 2006.
The Concept Plan
The NSW Minister for Planning granted consent to the Concept Plan for the site on 9 February 2007, under Part 3A of the Environmental Planning and Assessment Act 1979 (NSW), such approval being modified in September 2007.
Barangaroo was rezoned for mixed use and public domain purposes through amending Schedule 3 to the State Environmental Planning Policy (Major Projects).
The Concept Plan Approval contemplates that the Barangaroo Project will encompass:
Stage 1 EOI
The Authority has responsibility for managing all tender processes for the design and development of Barangaroo. A Call for Expressions of Interest to design and develop Stage 1 was issued in April 2008. Responses to that call were received in early June and the Authority is evaluating and assessing those responses. A shortlist of proponents will be invited to participate in the second stage of the call program, which will comprise a Request for Detailed Proposal.
Stage 1
It is expected that the consortium selected by the Authority to develop Stage 1 of the Barangaroo project will be granted development rights by the Authority to:
Conclusion
A project of this scale provides significant economic, environmental and community opportunities for Sydney and New South Wales. The project is expected to generate $2.5 billion in construction, thousands of jobs for Sydney and New South Wales communities, and a projected end value of $4 billion.
The Clayton Utz team, led by Gary Best and Peter McMahon, is excited to be the principal legal advisers for the project and looks forward to assisting the Authority with legal matters associated with the project.
For further information, please contact Gary Best.