Today the City announced that Sydney's tallest residential tower will become the home of a new $25 million creative hub. Creating affordable workspace for artists, designers and other creative practitioners is a priority and the City is committed delivering this.
Our first-ever cultural policy, launched a few weeks ago, proposes more than 120 actions for boosting culture and creativity in Sydney.
The first of its kind in Australia, the creative hub will span five storeys of dance, theatre, music, film and visual arts facilities.
The $440 million 67-storey Greenland Tower, on the corner of Pitt and Bathurst Streets, will feature 490 residential apartments, ground floor retail space and a 173-room adjoining hotel.
The project will not only provide new housing and support growth in central Sydney, it will set a precedent for the inclusion of world-class cultural facilities in private developments.
If we want Sydney to be a cultural capital, it's simple, we need to create spaces for artists, designers and other creative practitioners to work.
The City will continue to collaborate with businesses, retailers and property developers to unlock space for artists and our growing creative industries because it will bring significant economic, cultural and community benefits to Sydney.
Sydney remains the leading global city of Australia, and this project is just one of many major projects being pursued in partnership with the business sector and the government to benefit the city.
In the last ten years the City of Sydney has approved $25 billion worth of development. Since 2006 we have seen 8000 apartments added to our local government area. Over the next ten year's we will be investing $1.9 billion in new services and facilities for our growing community. All this while delivering debt-free budgets.