Central Barangaroo development takes big step with concept proposal approval
Aqualand has received the green light to progress its new living and lifestyle precinct at Central Barangaroo.
Approval of the Modification 9 Concept Proposal by the NSW Minister for Planning and Public Spaces clears the way for Aqualand to create a vibrant new destination at the heart of Barangaroo.
The five-hectare site will include residential, retail, hospitality and community uses, alongside a new metro entry and over two hectares of public open space and parkland, all complementing Barangaroo South and Barangaroo Reserve.
More than 50 new retail destinations will play an important role activating the precinct, with a mix of lifestyle, luxury, wellness, and food & beverage venues, as well as a 270-metre long, eight-metre-wide boulevard running north-south connecting Hickson Park to Nawi Cove. Together with Harbour Park, more than 50 per cent of Central Barangaroo will be public open spaces and parkland.
Central Barangaroo will inject a major boost to the NSW economy, generating $2.26 billion in economic activity during construction, and once completed, a further $134.1 million each year. It will create 12,360 jobs (direct and indirect FTE) during construction, and 581 direct jobs each year once completed. In addition, Aqualand will deliver one of the largest public benefit packages in NSW history, with over $220 million invested in cultural facilities, parkland, public domain, and a second Metro station entry.
“We know how important Barangaroo is to all of Sydney and we are honoured to partner with the NSW Government to deliver this critical and final piece of the city’s largest urban renewal project," Jin Lin, Aqualand Managing Director, said.
“We are committed to creating a world-class precinct that will complement the quality of Barangaroo South and Barangaroo Reserve and elevate the completed Barangaroo precinct to a new standard of excellence.”
Aqualand will now prepare and lodge detailed development applications for the buildings and public domain. Subject to planning approvals, construction is anticipated to commence in late 2025 with the first stage expected to be completed around 2030
