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What is Urban Renewal?

! Revitalise and re-energise existing urban areas

! Make better use of unproductive land

! Create liveable, sustainable and smart cities

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Why Change?

! Dis-use or decay of urban ports

! Increasing road congestion

! Rising energy and other infrastructure costs

! Mixed use developments - instead of single purpose sites

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Maximising Economic Benefit: Toronto Waterfront

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! 800 hectares of brownfield lands

! Objective " to transform industrial sites into sustainable, mixed-use communities and dynamic public spaces and enable Toronto to compete on a global scale

! Already has generated:

# 9,700 full time years of employment

# C$1.9 billion (AU$1.99 billion) of gross output to the Canadian economy

# Total government revenues of C$373 million (AU$390 million)

# Approximately C$10 billion (A$10.5 billion) in potential private sector investment has been unlocked

! Expected to create:

# 40,000 residential units

# 1,000,000m2 of employment space

# 300 hectares of parks and public spaces

Benefits

! Drive urban productivity:

# Mixed use developments in CBDs

! Create employment opportunities:

# Development phase

# Operating phase

! Enhance housing affordability:

# Affordable housing

# Key worker housing

! Attract increased investment

! Capitalise on existing infrastructure

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Vision

! Breathe new life into dormant sites

! Reignite energy and pride

! Attract economic growth

! Generate employment opportunities

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Creating a Vision: Canary Wharf, London

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Creating a Vision: Canary Wharf, London

! One of the earliest examples of modern large-scale urban renewal

! Vision " Canary Wharf would emerge as an economic and professional hub within London

! Today Canary Wharf is one of London's two main financial centres

! Extending over 97 hectares to include:

# Approximately 1,400,000m2 of office and retail space

# 35 completed buildings

# HSBC, Barclays, Citigroup HQ

! 100,000 people work in Canary Wharf

! The developer has planning approval to approximately double Canary Wharf's working population over the next 20 years

! Success can be attributed to the developer improving transport links to the area " creating ease of accessibility

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Strategy

! Build on strengths

! Transform under-used or dilapidated areas

! Boost local economies

! Provide a mix of uses and activities

! Meet community needs

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Prioritising Public Amenity: Marina Bay, Singapore

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! 360 hectare waterfront site located at Singapore's southern tip

! Objective " to be a 'Garden City by the Bay'

! 24/7 business, living and lifestyle destination

! Now:

# Attractions including renowned Marina Bay Sands Resort

# 400,000m2 of Grade A office space

# 5 kilometre promenade linking all major attractions

# State of the art infrastructure - 5 new underground stations and a common services tunnel worth S$4.5 billion (AU$3.84 billion)

# Singapore's premier urban outdoor park " 101 hectare S$1.035 billion (AU$880 million) Gardens by the Bay Park

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Mix of Land uses

! Residential

! Commercial

! Retail

! Entertainment

! Community spaces

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Getting the Product Mix Right: Docklands, Melbourne

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! 190 hectare industrial wasteland " western edge of Melbourne's CBD

! Ongoing urban renewal since 1990

! Aiming to create a thriving residential, commercial and visitor destination

! Governance of Docklands is shared between:

# City of Melbourne

# Places Victoria (the Victorian Government's land and development agency)

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! Precincts:

# Split into a number of precincts " each the subject of separate private sector tenders

# Overall forecast product mix at completion:

$ 44% commercial

$ 44% residential

$ 7% retail

$ 1% hotel

$ 4% other uses

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! Now:

# Approximately 8,000 residents and 30,000 workers

# National HQ for many major Australian businesses including NAB, ANZ and Medibank

! By 2025:

# Estimated there will be 60,000 workers in the commercial precincts

# Approximately 12,000 dwellings housing 20,000 residents

# Envisioned to be a tourist destination attracting 20 million visitors annually

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Housing

! Medium/high density housing

! Affordable/key worker housing

! Student housing

! Population mix

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Accessibility

! Transport orientated development

! Utilise existing infrastructure

! Concurrent development of transit infrastructure:

# Heavy rail

# Light rail

# Ferry

# Bike lanes

# Pedestrian

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Accessibility

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Recognising Historical/Social Context

! Historical context:

# Informing design and planning

# Uniqueness

! Balance to preserve historical locations and buildings and satisfying commercial demands

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Incorporating Historical Context

! Incorporating historical context:

# Headland Park - Sydney's Barangaroo

# Belfast Titanic Quarter

# Melbourne Stocklands

# Sydney Central Park - Historic Brewery

# Harrold Park, Glebe - tram sheds

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Leveraging Historical Context: Titanic Quarter, Belfast

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! Historical context is central to the project whilst also providing the highest level of virtual and internet capacity

! Integrated, mixed-use development " designed as a 'live, work and play' environment

! Envisioned " to be the city's new urban quarter

! Background:

# 75 hectares of former shipyard lands in Belfast Harbour

# Titanic was designed and built " fell into dis-use and dereliction

# 30 year master plan launched in 2005

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! Now:

# 16.6 hectares designated as heritage or public realm

# 145,000m2 already completed

# 90 companies on site including Microsoft and Citibank

# 5,000 people living and working in the area

# Anticipated to provide homes and employment for 50,000

# The Titanic Belfast " the signature redevelopment has attracted close to a million visitors in its first year

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Public or Private - Joint Partnership

! Private sector innovation, capacity and expertise

! Private sector financing

! Transfer of responsibility for design, construction and operation

! Transfer of other project risks

! Private investors access prime development sites

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Allocating and Reducing Risk

! Allocation of risk to private sector:

# Reduces risk to tax payers

! Private sector usually accepts risks for:

# Planning

# Finance

# Design

# Construction and delivery

# End value

! Public sector may retain risk for operation of public facilities:

# Public hospitals

# Transport infrastructure

# Convention and exhibition facilities

! Remediation?

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Tendering

! Open or selective tender process:

# Best "value for money"

# Fair and open process

# Demonstration of accountability and transparency

# Dealing with conflicts of interest

# Avoiding corruption

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Evaluation Criteria

! Capacity and capability

! Expertise and experience

! Value for money

! Financial capacity

! Project sustainability

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The Right Mix

! Integration with local environments

! Employment zones and retail

! Housing requirements and affordability

! Public amenities and culture

! Cohesion and social mix

! Maximising revenue

! Sustainability

! "Halo" effect

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Urban Renewal Programs

! Urban renewal programs showcase:

# Environmental

# Social

# Financial

# Sustainable practices and technologies

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Sustainability

! Sustainability practices and technologies include:

# Reusing or adapting infrastructure or natural features (including on site materials)

# Incorporating existing site features

# Intelligent architectural and engineering design

# Operational efficiency for:

$ Electrical

$ Mechanical

$ Vertical transport

$ Hydraulics

$ Telecommunications

$ Fire

$ Structural

$ Façade

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Barangaroo

! Barangaroo aspires to be:

# Water positive

# Zero waste to landfill

# Carbon neutrality

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A Model of Sustainability: Barangaroo, Sydney

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! Dis-used container wharf

! 22 hectares " inaccessible to the public for over 100 years

! Already major global and Australian tenants signed on including KPMG, Westpac, Lend Lease and HSBC

! Over time 23,000 people will live and work in the Barangaroo precinct

! 33,000 visitors each day

! Divided into three areas " each striving to either improve or integrate into the surround environment

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! Sustainability:

# One of the first Clinton Positive Development (net carbon negative) projects in the world

# Establishes a high environmental standard for urban renewal across the globe

# Building rubble and waste " used to fill and reclaim the wharf area

# Once completed it is anticipated that:

$ The development will generate and export more water than it uses

$ Deliver Zero wast to landfill

$ Achieve carbon neutrality by generating renewable energy

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Incentives

! Zoning and planning changes

! Infrastructure delivery

! Streamlined approval processes

! Declaration of "employment zones"

! Taxation

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Darling Harbour

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Foreshore Cultural Ribbon

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Art Gallery

Botanical Gardens

Customs House MCA

OPT

Sydney Dance Company

Sydney Theatre Company

Aquarium Maritime Museum

Opera House

Government House

Conservatorium of Music

ICC Sydney

Master Plan

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The Theatre

ICC Exhibi.on

ICC Sydney

ICC Hotel

Haymarket

Chinese Garden Square

Darling Harbour

Harbourside Place

The Boulevard

Haymarket Square

Tumbalong Green

Tumbalong Place

The Event Deck

Playground

Most Exciting Renewal in 25 Years

! Key Government project - $1 billion capital cost

! Renewal of a 20 hectare site at Darling Harbour

! Partnering with the private sector

! Keep Sydney number one for business events in the Asia Pacific - facilities will be larger than those in Singapore and Malaysia

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Why

! Refresh Darling Harbour - 25 years old

! Facilities required significant capital investment to refurbish and no longer met the expectations of the international convention market

! New facilities constructed in Melbourne and Brisbane in recent years captured market share

! Make Sydney number one for business events in the Asia Pacific - facilities will be larger than those in Singapore and Malaysia

! $5 billion in economic benefit for NSW over 25 years

! More than 3,700 jobs during construction with ongoing employment for 4,000 people

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Approach

! Renewal of a 20 hectare site at Darling Harbour

! Clearly articulated Brief following research of competing facilities

! Master plan for the whole precinct to define land use, location and envelopes

! Public Private Partnership (PPP):

# Design and construction

# Finance

# Operations

# Facility Management

! Sell development rights to surplus land to off-set capital cost:

# Major Commercial Development (MCD)

# Hotel

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Commercial Development

! The southern precinct development includes: # 1,500 apartments

# 1,000 student accommodation beds

# 15,000 sqm retail

# 20,000 sqm commercial

! The southern precinct will integrate Darling Harbour into the city's urban grid and provide seamless connections to the Haymarket and Chinatown precincts

! The public realm (Boulevard) and street grid will be complete by December 2016

! The approved hotel has 616 rooms with a 5 star rating and will be managed by Accor and branded Sofitel

! Completion of hotel forecast mid 2017

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Features of the New World-Class Entertainment, Exhibition and Convention Facilities

! Exhibition space of at least 40,000 sqm - the largest in Australia including 5,000 sqm external event deck

! Meeting room/break out space of 8,000 sqm - linked to convention and exhibition areas

! Largest Australian plenary capacity - able to accommodate more than 10,000 people over four different areas

! Banqueting facilities for 2,000 people

! Entertainment facility with a capacity of at least 8,000 people, for events and 'mega' conferences

! Convex space adjacent to each plenary space

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Diverse Architectural Identity

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THE THEATRE

ICC EXHIBITION

ICC HOTEL

ICC SYDNEY

Integrated Venue Program

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8 000 pax auditorium 19 548m2 lower exhibition

13 365m2 upper exhibition

2 500 pax plenary

2 000+ pax ballroom 1 000 pax banquet

7 300m2 meeting rooms 1 400m2 exhibition suites

750 pax plenary

1 000 pax plenary

2 500m2 convex

Public Space - Expanded and Improved

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Hotel

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The Boulevard

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Harbourside Precinct - ICC View from North East

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ICC Exhibition

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The Haymarket - Commercial Space

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The Haymarket - Residential and Retail

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High Quality Student Accommodation

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Legacy

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Happy New Year 2017

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