After the success Mirvac had with their 1250 new apartments and terraces on the Harold Park Raceway site; Glebe is about to see further significant investment in new development. As one of Sydney’s optimum locations for convenience and lifestyle, development is continuing on both public and private land, resulting in great opportunities for the construction industry.
What is it?
The Bays Market District is part of an overall masterplan “The Bays Precinct” to transform 5.5km of harbourfront, 95ha of government-owned land and 94ha of waterways in Sydney Harbour into a bustling hub of enterprise, activity and beautiful spaces over the next 20 to 30 years.
The Bays Precinct covers harbourside land with a history of industrial use. The eight sites surround the Anzac Bridge and inner harbour, and are some of the last prime harbourside locations to be developed into residential and community centres. Sites include:
- Blackwattle Bay including Sydney Fish Market & Wentworth Park
- White Bay Power Station & White Bay
- Rozelle Bay and Bays Waterways & Rozelle Rail Yards
- Glebe Island
The Bays Market District (Blackwattle Bay) is kicking off the development with the masterplan currently in progress and includes:
- Construction of a new $250m fish market adjacent to its current location
- Housing to increase dwellings close to the CBD
- Integration with Wentworth Park
What is happening?
- In July, Urban Designers FJMT were appointed to develop the masterplan with Mott MacDonald to lead engineering services for the construction of the new Sydney Fish Market.
- Engineering for the new fish market is scheduled for completion at the end of 2017, with construction commencing early 2018.
- Hanson’s cement facility is relocating to a $10m facility on Glebe Island by June 2018.
- Following completion of the fish markets, a major new mixed-use development is planned on the old fish market site with up-to 2760 apartments, capitalising on views across the harbour and bankrolling the masterplan.
- Development of The Bays Waterfront Promenade from Pyrmont to Blackwattle Bay. Stage 1 of the development to complete a 5.5k of continuous public foreshore access from Balmain to Pyrmont.
- The development of green space and integration of Wentworth Park into the district to provide improved public space, recreation facilities and connectivity to the harbour.
UrbanGrowth have completed community consultation process and state:
“The masterplan will consider opportunities for public open space, community and recreational facilities as well as residential, employment and supporting maritime uses within the district.”
Separate to the masterplan, Glebe is a hot spot for development and we can expect to see more apartment buildings popping up around the suburb. On the edge of Wentworth Park, the Glenmore Meats site was purchased in August by a newly incorporated Chinese-backed developer, AVP Developments Pty Ltd for $23.5 million.
For news and updates, check out the Government website dedicated to the masterplan