the largest urban renewal project in the southern hemisphere, greensquare is the future of sustainble urban living, Propelling sydney into the future and establishing an economic corridor between the CBD and airport.
Urban renewal is the redevelopment of urban areas, usually inner city regions through a process known as gentrification, with the intentions of boosting property prices and liveability.
Greensquare is the largest urban renew Project in the Southern Hemisphere and is currently a light industrial area with booming residential development (as seen through primary fieldwork), spanning 278 hectares, providing 20,000 new homes, 22,000 jobs and housing 40,000 new residents, equivalent to the population of Dubbo. Sydney's population has boomed throughout the last 50 years, as a direct result from rural-urban migration, interstate migration, employment, healthcare and lifestyle opportunities, baby bonus schemes and post war generations (populate or perish). Therefore, Greensquare is a highly significant response to Sydney's growing population which is set to reach 6 million people by 2031.
Furthermore, Greensquare is an $8billion development management by Landcom and was first established in 1991, through the Southern Sydney City Council (SSCC). The Sydney airport rail link was established for the 2000 Olympic Games, opening up enormous potential for urban renewal. Greensquare is rapidly transforming Sydney into a vibrant, creative and sustainable urban area, through low carbon energy systems, recycled water, landscapes and the mobility of people through light rail, thus ensuring Sydney's status as a secondary world city is maintained into the future. Moreover, Greensquare is heavily focused on Sydney's Metropolitan Plan for 2030, to ensure environmental sustainability, by reducing urban sprawl through urban consolidation and apartment living, within close proximity to the CBD. This will therefore reduce the dependance on car ownership, thus reducing the cities carbon emissions.
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