Expressions of Interest were invited from
architects and developers from around the world to design and
develop the first stage of Barangaroo.
The criteria that the consortia needed to
address were:
- The scale of the buildings in the context of the City
- The quality of the architecture in the context of this being
the western gateway to the City
- World class public domain and permeability through the
development
- Connections to the city and public transport
- The mix of uses - including civic, commercial, retail,
residential recreational and cultural
- Vibrant active public water front
- Interpretation and heritage considerations designed in to the
proposal
- Best possible exposure to the sun and how to minimise shadow
impact and wind protection
- Authentic places that work together as a place including
streets, squares, arcades, lane ways and the water front.
In September 2008 three proponents were given
until 31 March 2009 to submit their plans for the site. On 11
August 2009, the Government announced it had invited Brookfield
Multiplex and Lend Lease to submit more detailed bids.
These final phase bids were lodged in November
2009 and on 20 December 2009, the Government announced that Lend
Lease had been selected to develop and create the $6 billion Stage
1 development.
On 5 March 2010, the Barangaroo Delivery
Authority released a summary of the Issues of Principle which
described those areas of the winning design from Lend Lease, where
further work was required to satisfy the important public aspects
of the plan.
At this same time, the Authority entered into a
Project Development Agreement with Lend Lease Corporation which
detailed financial arrangements. These include substantive
fixed payments to the State over eight years, an initial $13
million payment made by Lend Lease in March 2010, and a second
payment of $90 million to be made this financial year. Other
financial features include:
- the potential to share in the project's financial success
through additional value payments;
- strong financial security with bank and Lend Lease Corporation
guarantees;
The Project Development
Agreement enshrines key public expectations regarding
Barangaroo, including a world-class public domain,
international-benchmark sustainability targets, and retention of
land ownership by the public. Lend Lease will have a 99 year
leasehold on the buildings it develops.
Since the signing of the Agreement, the
Authority has been working continuously with Lend Lease to revise
plans and to incorporate key elements, following feedback from the
public and international design experts.
Lend Lease lodged its Concept Plan Amendment
Application mid 2010 and received approval for it in December
2010.
Lend Lease will also lodge separate project
applications for each element of the proposal. These will
also be put on public exhibition for comment. Visit
the Planning
Process section of the website for more information.
