Circular Quay: Sydney’s front door gets a facelift

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Circular Quay is Sydney’s front door.

Tim Blythe View Profile

“Circular Quay is Sydney’s front door,” says Tim Blythe, managing partner at Urbis. The current development projects feature “inspiring new architecture”, the restoration and celebration of our early colonial history, street-edge activation and new public spaces and laneways,” he says.

But Blythe says the precinct currently lacks ‘kerb appeal’.

“The waterfront promenade is congested, cluttered and unappealing. The wharves and the waterfront, and their connection with the wider precinct, are the missing piece and the greatest opportunity of all.”

In 2015, the NSW Government earmarked $200 million to upgrade the Circular Quay ferry wharves and is now exploring renewal beyond the wharf in partnership with the private sector. Transport for NSW is sifting through tenders before deciding to proceed with a full precinct renewal or simply a wharf upgrade, with a decision imminent.

Meanwhile, $3 billion-plus in private sector investment is already underway, with Lendlease, Mirvac and AMP Capital currently driving development.

The above is an excerpt from Property Australia. Click here to read the full article.