This article is from the Australian Property Journal archive
ASX-listed property rivals Lendlease, Mirvac and Stockland have been shortlisted by the NSW Minns government for the transformation of the 3.6-hectare Sydney Fish Market site into 1,100 new apartments.
Under proposed planning controls, renewal of the Blackwattle Bay site could accommodate 70% residential and 30% commercial use – up from a 50/50 split – and will deliver the new homes within walking distance of Sydney’s CBD, light rail and the future Pyrmont Metro Station.
Moving the existing Sydney Fish Market has been complex and troubled. The Sydney Fish Market in August took legal action against the NSW government and construction giant Multiplex to obtain documents related to the $836 million new premises, as some tenants refused to move from the current site due to inappropriate designs and inadequate power.
Lendlease, Mirvac and Stockland were shortlisted following a government-run expressions of interest campaign.
“These developers are all highly regarded urban renewal specialists with extensive experience in delivering housing, world-class public spaces, as well as active retail and commercial precincts,” the NSW government said.
The developers will be invited to submit a request for proposal in early 2025. This Blackwattle Bay precinct will be bookended by the new Sydney Fish Market and a new 1.1-hectare harbourfront park at Bank Street, completing the missing link in the 15-kilometre continuous harbourside walk between Woolloomooloo and Rozelle Bay.
“This is a major milestone for the project and a once-in-a-generation opportunity to transform Blackwattle Bay into a lively world-class waterfront precinct alongside Sydney’s harbour, for all to enjoy,” NSW Minister for Lands and Property Steve Kamper said.
“We are confident one of the shortlisted developers will deliver a vibrant new precinct including a new waterfront promenade and more open space alongside new homes and jobs.
“Blackwattle Bay is now set to boost housing supply, while unlocking the potential of the area and creating thousands of jobs to support a thriving 24-hour economy.
