Major funding has been secured for the new Sydney Fish Market, as two development applications will now be placed on public exhibition for the major redevelopment.
Plans for the new Sydney Fish Market, along with its $250 million price tag were announced in 2016, but the latest investment is half a billion north of this figure.
Premier Gladys Berejiklian and planning minister Rob Stokes announced government approval of a $750 million investment in the Pyrmont project last week.
Early works are slated to commence in late 2020 with the popular Sydney attraction, relocated to the head of Blackwattle Bay, expected to be open in 2024 subject to planning approval and award of a contract.
Two development applications, one for the demolition of the existing wharves and site preparation, the other for the construction of the new fish market facility, will soon be placed on public exhibition.
It is understood the original Pyrmont site will be redeveloped in a move to deliver mixed-use and residential development in the area.
But master planning for the site, subject to community consultation, will start once the Greater Sydney Commission’s Pyrmont Planning Review is completed by the end of this month.
Sydney Fish Market chief executive Greg Dyer says the process has taken more than five years of consultation, research and planning to reach the milestone.
“Sydney Fish Market is one of Sydney’s major attractions, with 20 per cent of all international tourists to Sydney visiting the market during their stay,” he said.
The building, designed by Danish architects 3XN, along with BVN and Aspect Studios, includes public promenades, a ferry wharf and more than 30,000sq m of new public open space across the precinct.
The retail floor space will be doubled to more than 12,000sq m to allow for greater patronage and expanded food service.
“Relocating the fish market to the head of Blackwattle Bay will improve pedestrian and cycling links and connect more of Glebe and Pyrmont to the water,” Planning minister Rob Stokes said.
The building will have a 6-star green star rating and solar electricity generation.