The rundown industrial area is currently owned by the NSW government and is either vacant or contains industrial activities such as machinery storage and a truck depot.
The aim of the draft plans is to transform the site into a new residential community with 2300 homes in a range of low, mid and high-rise residential buildings.
Residents would have access along 1.2 kilometres of the Parramatta River foreshore.
Other elements of the plan include a new 3.9-hectare peninsula park along with three new pocket parks, foreshore cycling and walking paths at least 20m wide, an 18-classroom school with playing fields by 2017 and new maritime uses adjacent to Homebush Bay for rowing/kayaking facility, dry boat storage and supporting retail and businesses.
“These plans will help turn this site into a vibrant community and open space close to transport, infrastructure and jobs,” the department planning strategy, housing and infrastructure’s deputy director-general, Stephen McIntyre, said.
“Wentworth Point is close to both the Sydney and Parramatta CBDs, providing residents with good access to jobs and transport.”
Residents will be able to walk to expanded Sydney Harbour ferry services and take advantage of an approved $43 million, 300-metre bridge across Homebush Bay to access Rhodes railway station.