Landream Sharpens Plans for $900m Pyrmont Precinct
Landream’s $900-million Pyrmont Precinct continues to take shape as another round of modifications are filed for buildings at the former quarry and transport depot.
The 1.2ha site at 14-26 Wattle Street was acquired by the developer in 2018 for an estimated $200 million, and is less than 100m from the Wentworth Park light rail station, about 2km south-west of the CBD.
Concept approval was granted by the Land and Environment Court in 2021 after pushback from the Central Sydney Planning Committee. Detailed Design approval followed in May 2024 for a BVN-designed four-building, 237-apartment residential complex.
A 91-place childcare centre and a 14,500sq m commercial building were also included in that proposal.
However, six months later Landream sought to remove the commercial element, replacing it with a 142-key hotel, a retail space and a further 50 apartments.
Modifications to sharpen up design elements were lodged throughout 2025, including incorporating redesigns of basement carparking.
The most recent modifications, currently on exhibition, show plans to reorient apartments in the $221.9-million Wattle Street building. The proposed design would include more views over the neighbouring Wentworth Park, change split-level apartments to single-level, and reduce floor space ratio from the approved 3.88:1 to 3.8:1.
Meanwhile, the NSW government announced in December that the Wentworth Park greyhound racing track and facilities will be returned to public ownership when the current lease expires in September 2027. Plans are under way to develop the 3.3ha site into green space, and rezone surrounding land to yield 2500 new homes.
As many as 4800 homes are already at some stage of development in the vicinity, with the broader Ultimo Pyrmont Planning Strategy endorsed by the City of Sydney council in November last year. That document provides local-level controls to codify the 20-year Pyrmont Peninsula Place Strategy, and is expected to take effect early in 2026.
The opening of the new $1-billion Fish Market has contributed to unlocking the Blackwattle Bay area’s residential rush. The Landream project is joined by the Mirvac proposal to turn the old Fish Market into a 1400-home precinct.
Concept approval was granted to Sydney Metro in March last year for a 31-storey, $171-million building sitting above the under-construction Pyrmont Metro Station, which is slated for a 2032 opening. A development partner has yet to be announced for that project.
The Melbourne-based Landream completed The International residential complex at 83 Bay Street, Brighton, in March 2025. The 55-home project utilised Carr for architectural and interior design.
