Visions of a $1.5 billion mixed-use development in Five Dock, within Sydney’s inner west, have been released by One Global Capital, a locally based global property development and investment firm. The proposal coincides with the firm’s complete acquisition of a 1.4-hectare site near the suburb’s waterfront.
In a media release, One Global Capital describes the proposal as “a city-within-a-city development … designed to set a new benchmark for integrated urban living in Australia.”
Designs have been developed by international practice Koichi Takada Architects, with their concept drawing on the studio’s approach to naturalising architecture. Director Koichi Takada said their vision for the project “will reconnect people with each other and the natural environment.”
The precinct is planned to include 750 premium apartments across five towers, a 150-room hotel, approximately 10,000 square metres of retail space, along with health and wellness facilities, landscaped open space, and community amenities.
“The public realm benefits from biophilic design that integrates generous landscaping, and the development is optimised for natural daylight, airflow and water views to foster wellbeing, sustainability and spaces that foster community interaction,” Takada commented.
According to a media release from the developer, a key feature of the development will be the “lifestyle retail precinct, offering shopping and dining experiences – including a proposed state-of-the-art car showroom – as well as communal spaces.”
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Simon McTigue, director of Wallaringa Consulting – the project’s retail delivery and leasing consultant – said, “On completion, the integrated precinct will provide the community with a new inner west town centre, offering daily convenience via a proposed large format supermarket and fresh food precinct, as well as a restaurant and cafe district situated alongside key services such as a medical and health centre. It will be a place to live, work and play.”
Founder of One Global Capital Iwan Sunito said the project had been part of the firm’s vision since 2002.
“We are not simply developing buildings – we are creating a city within a city,” he said. “It is about creating a lasting urban legacy.”
Submission of the project for planning approval is targeted for June 2026, with expressions of interest from investors closing later in the year. The project is scheduled to launch in the second half of 2027, with construction planned to begin in late 2028.