Yesterday I attend a briefing by Lend Lease on the development of Barangaroo. It was very interesting to hear their perspective on the site and see in more detail what is planned. I can see why there is controversy but I couldn’t help but feel excited listening to the Lend Lease people about their plans. It is a very complex development but I am of the belief that what ever is built there needs to be exciting and dramatic. What is proposed will revitalise this part of the city and I think add considerable value to our market place. Morton & Morton sells a lot of high end apartments and this development can only aid in the maturing of this market place.
There are a number of websites that give further information
These 2 are Lend Lease sites
http://www.thebeautyofbarangaroo.com.au/
http://www.barangaroosouth.com.au/
The Barangaroo Delivery Authority has a site as well
http://www.barangaroo.com/
There is a site for the Barangaroo Action Group
http://barangarooaction.com.au/
All of the above make for interesting reading. The Sydney City Council is running briefings as well which I am planning to attend as well.
There is no doubt that there will be short term pain as the area is constructed and this will have an affect on rentals in the area. We are finding the market in Kent Street North is experiencing some confusion and hesitancy as everyone watches to see the impact of Barangaroo on amenity and view lines. This will clear up over time. I think in the long term, everyone will benefit.
Feel free to send me you views as I am interested to hear. My email is ewan@mortonandmorton.com.au.
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