It was approved by an independent planning committee this week.
NSW premier Mr O’Farrell said he will relieve planning minister Brad Hazzard to oversee construction of the project.
Upon completion the 22 hectare site will make way for some 280,000 square metres of office space, as well as a high rise retail and residential development.
Below is a brief summary of the development, and a link to its website.
Barangaroo is one of the most ambitious and significant waterfront greening projects anywhere in the world. It will transform a vacant 22 hectare industrial site into a new precinct for Sydney, with a new public Headland Park on the harbour and a thriving community, residential and commercial heart.
Barangaroo is the last harbourside location in the Sydney CBD able to be redeveloped and a once in a 200 year opportunity for the city. Barangaroo will return more than three hectares of water area, including two new coves, to one of the world’s most famous harbours. It completes the 14 kilometre harbour foreshore walk from Woolloomooloo to Anzac Bridge and for the first time in more than a century and restores public access to 1.4 kilometres of that walk. Barangaroo will reaffirm Sydney’s standing as Australia’s global city, attract new investment and is supported by government, the private sector and the community.
The vision for Barangaroo is for a place to inspire innovation for generations to come. Barangaroo will be climate positive and will reflect the extraordinary context of Sydney– its harbour, diverse communities and globally competitive business leadership. It will be a place designed for play and work alongside living and learning.