Sustainable Temporary Adaptive Reuse (STAR) project

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thank you

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[Music]

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we don't know if workers are going to

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return to the city five days a week

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we don't know if the push for people to

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move to the regions is going to be

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sticky

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and we don't know if the CBD is going to

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be able to attract diverse uses to get

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that vibrancy back into the city again

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what's happening in Greater Sydney and

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what's happening globally nationally and

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globally will have a big impact on what

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happens next what we know about the

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knowledge economy is they want places

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where people are able to come together

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and connect people are having such

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animated conversations and they were

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here in different perspectives so you

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had economic planners social planners

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you had people from the Arts sector the

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regulation sector the property sector

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all having different views and sharing

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their understanding of the market and

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the situation and what potentially star

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could be

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one thing that was quite clear was that

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they could consider star a really early

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point to start to change some behaviors

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so we had some really fantastic insights

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into what are the pain points from the

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different perspectives that we need to

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start having those conversations today

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I'm going to talk to you about focusing

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down from the big picture that Alison

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presented to looking at the specifics of

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what star could be vacancy is a real

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um indicator of the risk of assets

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becoming stranded assets becoming

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obsolete so while research is saying

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let's all adaptive reuse it's more

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sustainable it's the best solution they

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didn't suit this distribution of vacancy

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across the city

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so that's where star comes in we need to

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do that from an environmental

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sustainability climate change

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perspective

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but we also need to do it from a covid

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impact perspective create resilience

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create a different mix in the city so

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that when acute stresses and shocks hit

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we have a different kind of building

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stock that what we lean on the other

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sectors to create vibrancy we've also

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seen people really come to the table and

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support each other we've been forced to

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change and do things differently and

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we've taken that opportunity to think

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about doing things differently there's

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an idea in politics called the Overton

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window where there's a window of

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opportunity for things that can open up

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and it can close again and I think we're

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in one of those rare moments where

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there's a real window of opportunity for

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for change it was a real alignment of

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the need to consider star in moving

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forward particularly where we don't know

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what markets are going to be

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where they're going to be in three four

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five twelve months time and it was

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around the excitement for Sydney that

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star could provide that we

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Stars part of that reimagining of what

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Sydney could be