A $25 million creative hub featuring dance, theatre, music, film and visual arts facilities will be located in what is set to be Sydney’s tallest residential tower designed by BVN Donovan Hill and Woods Bagot.

Spanning 2,000sqm over five storeys, the Australian first development is a result of a 99-year voluntary planning agreement (developer agrees to provide or fund for public amenities and services) between the City of Sydney and property developer Greenland Australia.

The announcement comes just weeks after the City launched its first-ever cultural policy, which proposes more than 120 actions for boosting culture and creativity in Sydney.

The hub will feature rehearsal spaces, customised studios, offices and production rooms, as well as a live/work apartment to be made available for a creative fellowship program. These workspaces will be hired out at affordable rates.

Other facilities include soundproofed rooms for music rehearsals, studios with sprung timber floors for dancers and actors, media and editing suites for filmmakers and new media artists, and wet/dry studios for visual artists.

Artist's impression of proposed hub. Images: The Daily Telegraph. Source: News Corp Australia

“The project will support growth in central Sydney and provide housing and important cultural facilities for our community. The creative hub also sets an exciting precedent for the inclusion of world-class cultural facilities in private developments,” said Lord Mayor Clover Moore.

“Creating affordable workspace for artists, designers and other creative practitioners is a priority.

“We hope this will be the first of many agreements leading to much-needed creative and community space being incorporated into both new and existing developments across the city.”

In addition to the hub, the $440 million, 67-storey tower will feature 490 residential apartments and ground-floor retail space. The development is expected to open in late 2017.

The hub will be located in the 235-metre Greenland Centre by BVN Donovan Hill and Woods Bagot