Sydney’s newest business and financial services hub is nearing completion with the construction of Darling Walk reaching the half-way mark.

The $500 million Darling Walk project at Darling Harbour is set for completion by mid-2011.

The project, a partnership between Sydney Harbour Foreshore Authority and Bovis Lend Lease, will create 7,000 jobs during the project’s two-year construction period.

The Darling Walk project will feature:

• over 55,000 sqm of office space

• new pedestrian links from Darling Harbour to Town Hall and Chinatown

• new public playground and community green space

• 4,000 sqm interactive water feature playground

• 600 public parking spaces

• a rejuvenated retail precinct with 5,000 sqm of retail space

When complete, more than 5,000 Commonwealth Bank employees will be based at the new complex.

The Commonwealth Bank’s new buildings facing Harbour Street will be known as Commonwealth Bank Place, while the surrounding public playground, community green, retail space and car park will be renamed Darling Quarter.

The Darling Walk project has involved the demolition of the two-storey former SEGA complex and the construction of two nine-storey buildings, plus four basement levels.

Initiatives at the development include reducing potable water use by 90 per cent and recycling a minimum of 80 per cent of on-site waste during construction.