Pyrmont Place to fill gap in harbourside suburb apartment supply
Sydney’s harbourside suburbs have undergone rapid regeneration over the past five years
New developments are lining the harbour and the surrounding streets.
Pyrmont, one of Sydney’s most central harbourside suburbs, has been somewhat left behind in the new apartment development scene.
The suburb—just a bridge and waterway away from Darling Harbour and the heart of the Sydney CBD—hasn’t seen a new apartment development since the completion of Paragon of Pyrmont in 2021. That project primarily featured three- and four-bedroom apartments and luxury terraces.
Apartment Demand Remains Strong
Given that over 90 per cent of Pyrmont residents live in apartments, there’s a clear appetite for apartment living in the area.
A key reason for the lack of new development has been land scarcity. Pyrmont is a relatively small suburb compared to others along the harbour’s edge, leaving developers with few opportunities.
A Rare Development Opportunity
So when the chance to secure a large site in Pyrmont arose, developer Landream—known for Opera Residences at Circular Quay—acted quickly.
They acquired a 1.2-hectare block on Wattle Street from the City of Sydney in 2019, the same year the NSW Government announced the new $750 million Sydney Fish Market, just 300 metres from the development site.
After several years of planning to ensure the right fit for the prime site, Landream has now unveiled Pyrmont Place: five buildings with 267 apartments, a swimming pool, a state-of-the-art gym, a commercial office tower, childcare facilities, and recreational centres.
Perfectly Positioned on the Edge of the Action
While located next to the landmark Fish Market, Pyrmont Place sits on the very western edge of Pyrmont, bordering Ultimo—home of Broadway Shopping Centre—and Glebe, one of Sydney’s liveliest inner-west hubs for dining.
Pyrmont has a Walk Score of 92. (Suburbs scoring between 70 and 89 are considered “very walkable.”)
Sydney’s Next Landmark: The New Fish Market
The closest major attraction is the new Fish Market, set to open sometime this year. It has been described as the most significant waterfront building in Sydney since the Opera House and will include a Southeast Asian diner by Luke Nguyen, along with a range of restaurants, retail outlets, seafood vendors, delis, wine merchants, and bakeries.
Wentworth Park, a multipurpose green space with sports fields and the Wentworth Park Greyhound Track, sits just across the road—ensuring unobstructed views due to the lack of developable space.
A Connected Harbourside Lifestyle
A new Blackwattle Bay promenade will create a 15-kilometre continuous foreshore walk connecting Rozelle Bay to Woolloomooloo. Meanwhile, Pirrama Park, located toward the northern end of Pyrmont and just a 15-minute walk away, offers BBQ facilities, playgrounds, and views of the Sydney Harbour Bridge.
Pyrmont’s well-established and popular dining scene includes renowned venues such as Sokyo, BLACK Bar & Grill, and LuMi Dining—all within walking distance of Pyrmont Place and The Star casino, which sits on the edge of Darling Harbour and offers even more dining options.
Walk, Ride, or Ride the Rails
Those commuting from Pyrmont Place can enjoy a manageable 20-minute walk across Pyrmont Bridge into the CBD. The area is also bicycle-friendly, including the bridge itself.
Pyrmont features its own light rail stop, connecting to Central Station and Dulwich Hill in the inner west. By 2030, it will also be connected to the expanded Sydney Metro line via a new station between Pyrmont Bridge Road and Union Street.
A One-of-a-Kind Opportunity
Given the scarcity of land in and around Pyrmont, Pyrmont Place is a rare offering that may not be replicated for many years to come.
Construction is expected to start later this year, with a stage completion in 2028.
