At the King Street Wharf end of Barangaroo, Lend Lease is busily constructing a high rise commercial tower block.
At the far end (Harbour Bridge/Rocks end) landscaping is underway to recreate the same contours as were present at the time of the first fleet, before the site was flattened.
Until recent years the area had been used as a shipping terminal.
The site will also include parkland, harbour front apartments (with hefty price tags) and, eventually in 2019, a new $1.3 billion Crown Hotel complex tower and VIP-only gambling casino.
This assumes that the final permits are granted by the Independent Liquor and gaming authority.
James Packer has pledged to do everything he can to make the hotel the finest in the world. The proposed designs, it has to be said, look stunning.