Sydney IMAX to be demolished in $700m redevelopment

Kerri McGrath   |   August 28, 2016

The $700m Darling Harbour development, The Ribbon, will see Sydney's iconic IMAX theatre demolished and replaced by a luxury hotel, serviced apartments and a revamped IMAX ­cinema. 

IMAX Sydney Chief Executive Mark Bretherton has welcomed the development, saying the project is an opportunity to get new technology, the latest IMAX surround sound and new IMAX laser projection as well as wider, more comfortable seats, allowing for a brighter, sharper, better picture and experience. 

Although the screen at the new IMAX cinema will be slightly smaller, it will still be the biggest in the world.

The distinctive building was designed by architecture firm HASSELL and is being built by Grocon

Artist Impression of The Ribbon

Artist Impression of The Ribbon. Source: Grocon

Grocon has secured Starwood to operate the hotel as a W Hotel, with the 402-room property to mark the brand's return to Sydney.

Grocon has also won the backing of Chinese investor Zhengtang for the complex. Zhengtang will raise capital from China to finance The Ribbon Hotel and Residences and it is also supporting another Grocon project in Sydney’s suburbs.

The project is expected to be completed in 2019. 

With plenty of work going on in Darling Harbour, make sure you Subscribe to Felix Project News to stay tuned. 

Source: The Australian, The Daily Telegraph 

 
Kerri McGrath
Kerri is a content specialist with Felix (formerly PlantMiner) and the first point of contact for the company. Her hobbies include breakfast, lunch and dinner.

Related Articles

Projects
Probuild to deliver phase two of $700m Greenland Centre Sydney project

Probuild has recently signed a design and construction contract with Greenland Australia for the completion of phase two of the Greenland Centre Sydney, within the $700 million budget allotted for the project.

Projects
BGC Contracting secures $700m contract for works at NSW Boggabri Mine

Idemitsu Australia Resources (IAR) has awarded BGC Contracting a $700 million five-year contract – which is scheduled to begin in 1 December 2017 – to deliver mining and equipment maintenance services at the Boggabri open-cut coal mine in New South Wales.

Projects
$700m mining contract at WA Sunrise Dam project awarded to Barminco

A $700 million contract extension has been awarded by AngloGold Ashanti to Barminco Holdings, extending the latter’s operations at the Sunrise Dam gold project in Western Australia for another five years.

Get the latest project news

Formerly known as the PlantMiner blog, Felix Project News is Australia's top 10 Construction blog.

Join thousands of construction and mining pros getting the best content right in their inbox.

✓ updates on Australia's pipeline of state and federal projects

✓ fresh contract awards from major contractors and builders

Complete the form to get started