31 March 2021
Sydney is set to add a number of new development projects to its iconic skyline over the coming years, assisted by a now-$55 billion infrastructure and transport pipeline.
The city’s recovering office market, tightly-held residential market and new transport infrastructure have remained major draw cards for Sydney developers and REIT’s attempting to tap into the high-rise development boom.
The NSW government has also allocated most of its capital spending towards improved transport to address the inefficiencies and growing pains with the state’s always increasing population.
From the city-changing metro to new urban centres circling the under-construction second airport and high-rise commercial, hotel and residential offerings, the city is primed for new development projects and growth.
Developments include:
Atlassian Tower
Tech company Atlassian will build a $1 billion-plus concrete-and-timber tower next to Sydney’s Central Station, as the flagship project in a NSW government-backed technology precinct Tech Central.
110 Walker Street
Stockland has lodged plans for a $500 million North Sydney office tower as it plans for a post-pandemic return of workers to Sydney’s second CBD.Sydney Metro
By 2024, Sydney will have 31 metro stations along 66 kilometres of standalone tracks stretching from Rouse Hill in the north west, through Chatswood, under Sydney Harbour, through the city centre and on to Bankstown in the south west and Westmead in the west.
Badgerys Creek Airport
The 65,000sq m airport, to be known as the Nancy-Bird Walton Airport, is expected to start construction in 2022 with global firm Aurecon enlisted to provide engineering design services.
Powerhouse Museum
The new Powerhouse Museum will be the largest museum in NSW and will have a 30-metre wide domed planetarium complete with ultra-high resolution 3D video and audio.
Parramatta Square
The three hectare city style precinct will transform the heart of Parramatta’s CBD into a vibrant, cosmopolitan, commercial and residential precinct.
Salesforce Tower
Lendlease along with China’s Ping An Real Estate and Japan’s Mitsubishi Estate Asia, have moved ahead on its 53-storey Circular Quay tower, which will have views across Sydney Harbour and will also be one of the country’s most sustainable buildings.
Sydney Fish Market
Sydney’s new $750 million fish market at the southern end of Blackwattle Bay is expected to double its retail space to more than 12,000sq m under the new design.
