And Barangaroo may soon have its own piece of architectural inspiration, taken straight from the clouds.
The Barangaroo Delivery Authority has lodged plans for Barangaroo Central, which went on public exhibition today. The designs included a tree-lined waterfront promenade, which features a 30-metre timber boardwalk.
Also released today were plans for the first two residential apartments at Barangaroo South, comprising 159 apartments with harbour views.
The apartments range from seven to 11 storeys and include six dual-level luxury loft apartments and a double floor penthouse.
Both buildings were inspired by the wharves which originally protruded into East Darling Harbour and Walsh Bay.
The northern building features a cloud-shaped design and balconies overlooking a new public square and harbour cove.
The architect, Richard Francis-Jones, of fjmt, said the building was inspired by Sydney Harbour. The “expressive, organic” form of the northern apartments was "reminiscent of the free-forms of clouds and waves that complement our sandstone harbour headlands", he said.
The southern building, designed by Andrew Andersons of PTW, includes rooftop gardens and green plantings
At ground level, up to 20 restaurants, cafes and bars will be established, including a ‘‘standout signature restaurant’’ at the northern end.
The chairman of off-the-plan marketers CBRE, Justin Brown, said a one-bedroom apartment could fetch $1 million, while a three-bedroom apartment could sell for around $3.5 million. The penthouse suite could sell for up to $10 million, he suggested.
Landscape architect Peter Walker designed the promenade, which would run through Barangaroo Central, eventually linking the Headland Park to the north with the commercial and residential precinct in the south. It is expected to be completed in 2015.
Chief executive of the authority, John Tabart, said the walkway would form part of an "active and connected public waterfront".
A long-term master plan for Barangaroo Central is being drawn up, and the precinct would be "a cultural and civic focal point for Sydney", he added.
The proposed promenade would provide public access to the harbour's edge for pedestrians and cyclists, and would accommodate deep-water berthing and special-event infrastructure.
In the northern cove, a pontoon would allow drop-off access for small boats.
The authority has also proposed a lawn area with space for temporary pavilions, public art and event staging areas. It is also seeking approval for a small number of major events such as concerts, festivals and outdoor theatre.
Lend Lease proposes to complete the apartments at Barangaroo South by mid-2015.
Each building is seeking a 5-Green Star residential rating through sustainability measures such as reduced embodied carbon in building materials and bi-fold screen systems for shading.
The apartment and promenade proposals are on public exhibition until December 21.