22 November 2010 – It was highly controversial when it started 10 years ago but the anecdotal evidence is that residents love the relatively high rise, high density apartment living at Jacksons Landing at Pyrmont, perched on Sydney’s doorstep on an extensive former industrial site.
On Friday Lend Lease launched c0nstruction of the Silk apartment tower, the final piece of the urban regeneration puzzle that it developed in joint venture with the government of Singapore Investment Corporation and Kerry Properties.
According to Lend Lease, 70 of the 100 apartments in the 18 level tower designed by Sydney architect Tony Caro have been sold.
Chief executive officer Rod Leaver said the need to create well planned urban environments such as Jacksons Landing through the regeneration of communities and spaces has never been more important.
“Ultimately, development is not just about constructing buildings, it’s about creating places for people to live and work. With increasing density in our cities, there simply aren’t enough sites available for development to build new communities so regenerating existing sites is often the only option,” Mr Leaver said.
“Jacksons Landing is a wonderful example of a thriving community that has been created from a previously underused part of the city. It also demonstrates how important it is to create a place that is culturally sensitive and environmentally sustainable for future generations.”
Lend Lease is about to embark on another major project nearby at Barangaroo, which has attracted controversy for its bulk and scale.