MAJOR DEVELOPMENT ANNOUNCEMENTS FOR BLACKWATTLE BAY
10 Dec 2025
Major announcements have been made for Blackwattle Bay and the Pyrmont area, with Mirvac tapped as the developer of Blackwattle and the NSW Government announcing the conversion of Wentworth Park into a major community greenspace.
Mirvac has been tapped as the developer for one of Sydney's last inner-harbour developments at Blackwattle Bay. The 3.6-hectare site of the former fish market will house 1,400 homes along with commercial and retail space and a 26,000sqm public domain. The precinct sits on the Pyrmont–Glebe edge, between the new Sydney Fish Market and the future Pyrmont Metro station.
“Mirvac has decades of experience in transforming undeveloped sites into vibrant precincts—from Walsh Bay in Sydney and Yarra’s Edge in Melbourne to Cutters Landing and Newstead in Brisbane,” Mirvac chief executive of development Stuart Penklis said.
The Blackwattle development reveal coincides with the NSW Government's announcement of the conversion of the Wentworth Park greyhound track into a "much-needed multipurpose community sporting facilities for the wider precinct."
Per a government media release, at the end of the greyhound tracks lease in 2027, the 14-hectare site will remain in public hands to help meet the housing and recreational needs of the growing Ultimo-Pyrmont area, just 1.5 kilometres from Sydney’s CBD.
“We recognise Wentworth Park holds deep history and meaning for many people, and we know some will be disappointed by this change,” Premier Chris Minns said. “But cities change and we have a responsibility to plan for the future. This is more homes, more playing fields and better public spaces, alongside the infrastructure that makes neighbourhoods work. This is homes and community facilities delivered together, not one without the other.”
The Wentworth Park sporting complex precinct will be converted into community sporting fields and public green space, allowing for the rezoning of the surrounding area to support up to 2,500 homes. An additional 4,800 homes are already planned or approved nearby, including the 1,400 from Mirvac, bringing the total potential for new housing in the area to as many as 7,000 new homes.
The new 14-hectare park will also be made available for hosting festivals and community events as a condition of the transfer to ensure the new harbourside parklands can be utilised by the whole community.
Infrastructure NSW’s chief executive Tom Gellibrand commented, “This project will offer places to live and work alongside spaces to walk, cycle and relax, reconnecting Pyrmont and Glebe with Sydney Harbour.”
Paired with the opening of the new Fish Market in January and the Bank Street Park development, the announcements mark a major Harbour shift, turning it into a corridor built around housing, open space and a new transport spine, with more than half the precinct will be open to the public, including a 1.1ha waterfront park.
A new foreshore promenade and boardwalk will complete the missing link in the 15km Harbour walk from Rozelle Bay to Woolloomooloo. Planned public space includes a central pedestrian lane, cycleways, a skatepark, community kayak storage and a community pavilion.
NSW lands and property minister Steve Kamper linked the decision to the wider Harbour program. “Today’s announcement builds on our strategic vision for the area,” he said. “We have completed the new Sydney Fish Markets, we are delivering a new ferry stop, we are delivering an upgraded light rail station, we are delivering the Metro West, and today we are delivering the final piece of the Blackwattle Bay puzzle.”
Mirvac expects to begin early works in 2027, followed by housing construction from 2028. First homes are forecast for 2030 and full completion for 2033, tracking with the Metro West timetable.
