The cavernous Cutaway space at Barangaroo in Sydney is set to be filled with arts and cultural events after a contract was awarded to fit-out the harbourside venue.
Australian building company FDC has won the contract to overhaul the three storey venue, which will host art shows, concerts, markets and commercial functions after work is completed in 2025.
A First Nations education space will be included.
The Cutaway is at Barangaroo's Nawi Cove and visitors can currently see an Aboriginal short film artwork in the exposed space.
Government leaders hope the revamped venue will benefit from being a short walk from the Barangaroo Metro Station, due to open this year.
Lands Minister Steve Kamper said no other venue in NSW would look like The Cutaway.
The NSW government and developer Lend Lease poured millions of dollars into redeveloping the previously neglected harbourside area now called Barangaroo into a mix of public and private space.
It includes a reserve, foreshore boardwalk and netted swimming area in the area around Sydney's second casino.
Barangaroo is named after the wife of prominent Aboriginal man Bennelong, who struck a key relationship with Captain Arthur Phillip and Australia's first European settlers in the late 1700s.
She refused to permanently settle in the colony at Port Jackson set up by Governor Philip. Barangaroo died during childbirth in 1791.
Steven Deare - AAP