A new 20-year vision for Pyrmont will shape the waterfront peninsula as an innovative, connected and creative around-the-clock destination, providing much-needed jobs, investment and economic growth, part of the NSW Government’s COVID Recovery Plan.
Up to 23,000 new jobs and 800,000 square metres of new commercial and office space are forecast in a new draft plan released today, supported by better transport connectivity to grow a mix of hi-tech, tourism, media and information industries.
Launching the plan, Treasurer Dominic Perrottet and Minister for Planning and Public Spaces Rob Stokes said the NSW Government’s draft Pyrmont Peninsula Place Strategy and Economic Development Strategy would help map the area’s future.
The strategy considers big moves for transformation such as a potential metro station at Pyrmont as part of the Sydney Metro West project, a new indoor sports and entertainment venue like our own Madison Square Garden, more and better public spaces (including the return of Wentworth Park as local parkland) and the revitalisation of key sites to attract commercial investment.
“Great cities evolve, grow and continue to improve all the time, and our vision is to ensure Pyrmont leads Sydney as a home for innovation, employment and entertainment as well as retaining its unique character,” Mr Perrottet said.
Mr Stokes added that Pyrmont has always been an extension of the CBD as a bustling hub for a variety of industries, and the draft strategy outlines the latest incarnation in the peninsula’s renewal.
“Pyrmont has always been a hub for cutting edge industry. In recent decades it was transformed into commercial and entertainment precinct with accessible pedestrian walkways and the Light Rail,” Mr Stokes said.
“This new vision builds upon that. As well as a jobs hub of the future, we want the peninsula to be a premier cultural and entertainment destination which is connected to museums, theatres, bars and cafes, the Sydney Fish Market, the ICC, Harbourside and The Star.
“It has the potential to be a 24/7 destination for locals and visitors alike within walking distance from the city. Pyrmont is more than a local village – it is a vital part of our global city.”
Minister for Transport Andrew Constance said world-class public transport was a vital part of the innovative plan.
“This vision would cement Pyrmont as one of the key employment hubs in Sydney and the entire NSW Government has come together to ensure it will have the infrastructure it needs,” he said.
“Connecting Pyrmont with Western Sydney would encourage jobs, investment and economic growth. My job is to ensure the area is easily accessible and has the right transport options in place.
“We’re still working through the potential for a Metro station in Pyrmont, but it has progressed to the next stage of the process.”
Mr Stokes said the revitalisation will focus on key sites for renewal, including the existing Sydney Fish Market site at Blackwattle Bay, The Star site at Darling Island, development of Harbourside Shopping Centre, and the UTS Haymarket campus.
“These sites have been identified for revitalisation over the next 20 years and we are keen to ensure that parks, public spaces and the unique character of Pyrmont is protected,” he said.
“Delivering public benefit is also vitally important which is why part of our vision is to return Wentworth Park to the people as beautiful, high-quality green open space.”
The Pyrmont Peninsula Place Strategy and Economic Development Strategy are on until 13 September 2020.
