Pyrmont Urban Renewal Case Study

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Urban renewal is the rehabilitation of city areas by replacing or renovating dilapidated buildings with new housing, public buildings, parks, roadways, industrial areas, etc. This urban dynamic has been operating in the suburb of Pyrmont from 1994 when Pyrmont was under construction till now when the final renovations are underway. As a result of Pyrmont’s urban renewal, it has provided new foreshore promenades and parks, leisure, housing and entertainment facilities along with employment opportunities to many people. This has led to more people living in Pyrmont as well as more people coming to work here every day. The social component, the economic character, the culture of place and growth, development, future trends and ecological sustainability …show more content…

Urban renewal has changed the social structure of Pyrmont significantly. In the early 20th century, there was a major decline in Pyrmont’s population and economic activity because of the urban decay and decentralisation that occurred across Sydney. This saw a spreading of activities, specifically manufacturing and industrial activities from out of inner-city areas into Sydney’s outer suburbs. Urban renewal was the key factor in restoring Pyrmont’s population. Pyrmont changed massively through the urban dynamic of urban renewal. These changes included 33 hectares of open space for the public, a mix of innovative housing and a vast range of community facilities. Being close to the city, Pyrmont has attracted mainly young, wealthy couples or otherwise known as DINKS (Double Income No Kids). 62.7% of Pyrmont’s residents are aged between 25 and 54. This is an increase of 6% from 1991. The young wealthy couples that live in Pyrmont usually earn about 37% more than the average people living in metropolitan areas, with an average income of $905 per week (2006). Nowadays, Pyrmont’s social structure differs considerably with Pyrmont’s early 20th century social structure. This is a direct effect of the urban renewal that occurred throughout the suburb. Pyrmont’s social component changed with its urban

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