The transformation of the ageing Wynyard Station into “a new jewel of Sydney’s CBD” is a step closer after developer Brookfield Property Partners was granted final project approval today by the NSW government.
Brookfield’s billion-dollar-plus Wynyard Place redevelopment will consolidate four existing buildings to create a grand modern transit hall, public concourse and retail precinct topped with a 27-storey, 59,000-square-metre office tower to be known as 10 Carrington Street.
The new rail hub, due to be completed in 2020, will service more than 100,000 commuters a day and integrate with light rail, bus, taxi and pedestrian networks.
An artist’s impression of the Wynyard Place development – George Street escalators. Image: Supplied
The project was granted State Significant Development approval in September 2015 and the company’s final binding offer was approved through the state’s Unsolicited Proposals process, which enables the non-government sector to take innovative ideas and value-for-money solutions to the government.
Wynyard Place will also include a new station entrance from George Street leading to the four-level concourse.
“This $1 billion project is set to become a new jewel of Sydney’s CBD,” NSW premier Mike Baird said. “For too long, Wynyard Station has languished without the infrastructure that such a pivotal transit hub demands.”
Refurbishment is also scheduled for areas around the station including the historic Shell House on Carrington Street, Margaret Street and Wynyard Lane.
Over the next four years, the state government will ensure the construction of Wynyard Place is staged in the context of the current station upgrade works and new light rail project.
Wynyard Station dates back to 1932 and originally included a tramway, the only underground section of Sydney’s tram network.
The government’s acceptance of Brookfield’s bid follows multiple attempts by developers to refashion the precinct. A previous proposal by developer Thakral failed to win government approval. Thakral was subsequently bought by Brookfield.