Sydney CBD’s $6 Billion Barangaroo Redevelopment Set to Start Construction After Years of Protest

NEW state premier Barry O’Farrell will personally supervise the controversial $6 billion Barangaroo urban renewal project, set to replace industrial land –  part of a Sydney Harbour container terminal, that ceased functioning in 2003.

The waterside project will include a compound of skyscrapers, one being a hotel that will jut into the water, in a copy of Dubai’s Burj al Arab tower.

The redevelopment was lobbied against by Greens groups and local councils, as well as wealthy Sydneysiders whose views will be lost. Protesters argued planning approvals were flawed, and resulted from the “mates” culture of the previous state Labor government.

Read more

Fairfax Family Proposes Redevelopment of Sydney CBD Office Site

THE Fairfax family plans to demolish a 14-level office in Sydney’s CBD, and replace it with a 32-storey building which would have an end value of about $86 million.

The mixed use project, which would soar 121 metres at its highest, will rise from Pitt Street and include a six level office component, shops and a residential tower.

Fairfax paid $30 million for the approximate 40 year old building, in 1989, according to the AFR.

Read more