Property developer Dahua Australia have shocked local companies with their $3 billion dollar proposal to develop the popular area of Blackwattle Bay. Representatives from UrbanGrowth NSW have pushed back on the idea that this proposal is a guaranteed development, with comments about trying to protect the local Sydney Fish Market.
UrbanGrowth NSW chief executive David Pitchfork has reiterated that any developments to happen within the Blackwattle Bay area would be transparent and open to public scrutiny and input, and that there were no planned government proposals before July this year. He also added that “we do not have secret plans for 32-storey towers or anything else” to help put local business owners at ease.
The news has certainly come as a shock to local landowners and stakeholders the Sydney Fish Market. Mr Skepper, the general manager of the fish market said that Dahua’s news was a complete surprise to them, as any Blackwattle Bay developments not been discussed “at all”. The Sydney Fish Market currently has a one-eighth stake in the proposed development area and any changes to their current infrastructure could certainly upset business.
This idea is strongly supported by Destination Blackwattle Bay’s managing director John Shepherd. He noted that while Dahua Australia was not planning to make any unsolicited proposals to the government, Shepherd still hoped to see development in the area but with a stronger focus on building up the local fishing industries. He spoke to the Financial Review stating that despite the fact the real estate and developers would be paying for all of the infrastructure, “the big opportunity for Australia and NSW is the fish market.”
Mr Shepherd settled the issue by confirming that no proposals or developments could go ahead prior to the release of the government’s strategic 30-year plan for the Sydney suburb.