New plan doubles size of harbor complex
James Packer’s planned US$2 billion Crown Sydney development at Barangaroo just got the green light to submit a planning application to the New South Wales government, according to a report in the Sydney Morning Herald.
The process had been delayed during a “rejigging” of the site, said Andrew Wilson, managing director of the proposed Barangaroo South complex at Sydney Harbor to be developed by Lend Lease Group LLC. “It’s taken a long time to do but we have to get it right, because it’s going to be here for decades,” Wilson said.
The plan was also delayed because of a dispute between Lend Lease and the NSW government over profit-sharing.
The Herald reported that the new plan more than doubles the size of the development first approved in 2005. It will have total floor space of more than 681,000 square meters (7.3 million square feet) on a 22-hectare (54-acre) site, including up to 77,500 square meters (829,000 square feet) at Crown’s casino resort, which will include a luxury hotel.
The complex will also include three apartment towers, to be collectively known as One Sydney Harbour, with a total of 750 units.
With a plan finally in place and approved, “Crown will now begin its own planning application processes with the NSW Department of Planning and Environment,” Crown CEO Rowen Craigie told the Australian Business Review.
