In the coming years, there are many new developments set to add to Sydney’s iconic skyline.
The NSW government has devoted a significant amount of its capital spending towards improving transport throughout the city. This is to address the number inefficiencies of transport and address the increase of population in Sydney with more than 9 million residents expected by 2027.
Below are 10 of the most significant developments coming to Sydney in the near future:
1. Sydney Metro
It is anticipated that by 2024, Sydney will have 31 metro stations across 66 kilometres. There are currently 18 stations already underconstruction.
The new metro will have the ability to carry on average 40,000 people per hour. Currently, there are 120 services per hour across Sydney during peak morning periods. This will increase to around 200 services per hour once the project is complete.
To add to the modernisation of the Sydney Metro, the new trains will also be driverless.
2. Powerhouse Museum
Sydney’s new Powerhouse Museum will be the largest museum in New South Wales with a controversial relocation to Paramatta. Two heritage buildings have been demolished to make way for the construction of the museum.
The Museum is designed by Moreau Kusunoki and Genton and will have a 30-metre wide domed planetarium and will feature an ultra-high-resolution 3D video and audio.
3. Salesforce Tower
Lendlease, China’s Ping An Real Estate and Japan’s Mitsubishi Estate Asia, have moved ahead on the 53-story circular Quay tower. The tower will be Sydney’s tallest office building.
Ping An is the main partner in the development contributing 50 per cent with Mitsubishi contributing 30 per cent and Lendlease 20 percent.
Salesforce will occupy 24 levels in the 53-storey tower after securing naming rights towards the end of 2019.
4. 1 Denison Street
1 Denison Street is a $1 billion landmark tower being built by multiplex in North Sydney.
The site was purchased in 2016 for $80 million and is now near competition.
The building will offer 60,000 square meters of premium office space. There will also be a two-level lifestyle precinct as part of the development as well as being the new home of Nine Network and Microsoft.
5. Quay Quarter
Quay Quarter tower is a commercial development that will be 200 meters in height and will span across 2 buildings.
Construction by Multiplex is predicted be complete by early 2022.
The development will consist of 97,000 square meters of commercial space and 5,000 sqaure meters of lifestyle, services, food and lifestyle.
6. Parramatta Square
The $3.2 billion Parramatta Square precinct is due for completion in 2022.
The development will offer 290,000 square meters of A-Grade office and retail space. The project spans five towers and is in close proximity to Parramatta Transport Interchange and Westfield Paramatta.
The Aerotropolis site will be located on the southern edge of the new Western Sydney airport. The development will include an industrial zone of commercial, agricultural industrial and residential development.
The federal, state and local governments have agreed to invest $20 million towards the development.
The development aims to create 200,000 new jobs and will collaborate with the University of Newcastle, University of NSW and Wollongong, and Western Sydney University to provide educational institutions.
8. 505 George Street
The $1 billion skyscraper will be Sydney’s tallest residential tower and has plans for over 500 apartments. There will also be a 13,441 square meters of commercial and retail space as part of the development.
The development has been designed by Ingenhoven and Architectus and will be 270 meters tall (80 storeys).
The project is expected to take an average of five years to complete.
9. Badgerys Creek Airport
The $5.3 billion Western Sydney Airport at Badgerys Creek was given the go-ahead in 2016.
The airport will have an international and domestic terminal and aims to handle 10 million passengers per year once complete in 2026.
Once complete, the airport will create 28,000 new jobs.
10. One Barangaroo / One Sydney Harbor
ASX-listed casino operator and developer Lendlease have been transforming the north-western edge of the Sydney CBD, previously known as Darling Harbour East.
The precinct will be home to 3,500 residents once complete in 2021.
Crown’s 72 storey development has made $650 million worth of pre-sales. The Development comprises of 82 apartments and a 349-room, six-star hotel.
The neighboring project by Lendlease has made $1.4 billion worth of pre-sales. The company is developing three buildings, comprising of a 30 storey building, a 72 storey building and a 60 storey building which are due for completion in 2023.
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