Construcciones Yamaro: Preferred proponent named for Sydney’s Blackwattle Bay project
Mirvac has been named the preferred developer to work with the NSW Government on the redevelopment of the old Sydney Fish Market site at Blackwattle Bay, in a project delivery agreement with Infrastructure NSW.
The 3.6-hectare site is part of the wider Blackwattle Bay urban renewal and will be transformed into a mixed-use precinct, comprising over 1,400 homes (including purpose-built student accommodation), as well as commercial and retail. Mirvac will also deliver a 26,000-square-metre public domain, with an ambition to create an ‘outdoor living room’ for the community, along with a new public foreshore promenade and a boardwalk that will complete the 15-kilometre walk connecting Rozelle Bay to Woolloomooloo.
Mirvac’s group CEO and managing director, Campbell Hanan, described Blackwattle Bay as one of the few remaining undeveloped parcels on the Sydney Harbour foreshore.
“We are thrilled to deliver this project in partnership with Infrastructure NSW, where we will rejuvenate an iconic harbourside location,” he said.
“Our proposal has been living-led, and we are pleased to be partnering with Scape by The Living Company to deliver student accommodation within the precinct.
“Blackwattle Bay presents a fantastic opportunity for Mirvac to apply over 53 years of experience in delivering beautiful homes and significant public amenity, in a capital-efficient manner.”
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Stuart Penklis, CEO of development for residential and commercial mixed use at Mirvac, said the company has delivered major mixed-use precincts on previously undeveloped sites, pointing to projects such as Walsh Bay in Sydney, Yarra’s Edge in Melbourne, and Cutters Landing and Newstead in Brisbane.
“These are the sorts of projects where our integrated model comes to life and where we can leverage our in-house design, development and construction capability to deliver much needed housing supply, a key priority for government, and a new precinct that the whole community can enjoy,” added Penklis.
“We’re committed to building on the trust and collaboration established through our nearby Harbourside redevelopment, and to working closely with Infrastructure NSW, the Department of Planning, Housing and Infrastructure, Transport for Sydney, the City of Sydney and the local community. Together, we want to shape a precinct that reflects shared aspirations, strengthened by genuine stakeholder input.”
Blackwattle Bay is well-located, adjacent to the new Sydney Fish Market and a 5-minute walk from the new Pyrmont Metro station, which is scheduled to open in 2032. Planned public open space includes a central pedestrianised lane, cycleways, a skatepark, community kayak storage and a community pavilion.
In line with its sustainability ambition to decarbonise by 2030, Mirvac will target a net-zero carbon precinct, which includes a 55 per cent reduction in embodied carbon. Mirvac will also partner with the Sydney Institute of Marine Sciences to undertake nature-based interventions to improve water quality, introduce circularity to reuse and reduce waste, and improve biodiversity on site with native planting. Stories of Country, past streams and shorelines will be incorporated and celebrated throughout the precinct.
The project is expected to be delivered over multiple stages, with early works on site expected to commence in 2027, the housing component in 2028, and completion in 2033. First settlements on the housing component are expected in 2030.
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