Renovations at the former Sega World site at Sydney’s Darling Harbour are finally complete and the new complex is ready for use by the community, after undergoing a three and a half year transformation.
The Darling Quarter’s official opening this week has revealed the site as a vibrant mixed-use destination showcase for economic, social and environmental sustainability.
The newest urban regeneration project is a collaborative effort between Lend Lease and the Sydney Harbour Foreshore Authority (SHFA).
“What we’re particularly proud of is that by successfully completing this development, Sydneysiders and the broader community now have access to valuable public amenity and iconic new spaces on the fringe of the CBD, which will leave a powerful legacy for future generations,” Lend Lease CEO Mark Menhinnitt said.
The $500 million precinct comprises an international standard commercial office known as ‘Commonwealth Bank Place’; a family/leisure precinct with extensive public amenities, which includes a vibrant retail food precinct with a range of dining options; a world-class family playground and community green; youth theatre; and a 600 bay public carpark.
According to Lend Lease, Darling Quarter is a prime example of how the company is able to utilise all parts of its business – from funds management through to development and construction – to create an iconic project that sets global benchmarks.
“Through the power of our integrated model we have been able to deliver a holistic property solution that was attractive from the perspective of the owner, investor and tenant. This achievement is made even more significant by the fact we were able to attract investment and secure a quality tenant in Commonwealth Bank during the period of the Global Financial Crisis,” Menhinnitt said.
Darling Quarter has been acknowledged for its world-class sustainability, with its two eight-storey campus-style buildings receiving a 6 Star Green Star – v2 Office Design certified rating with the Green Building Council of Australia (achieving the highest number of credit points for a building of its size).
The forward-thinking design features of the site will save 2,500 tonnes of carbon emissions per year and reduce main water consumption by 92 per cent.