Danish architecture firm 3XN have pulled back the curtain on their designs for the Blackwattle Bay fish market in Sydney, Australia.

Described by the company’s founder, Kim Nielson, as a future "iconic destination" for the country, the 3.6-hectare waterfront emporium and public attraction will feature a number of open-air restaurants as well as customisable modular spaces for social events and performances.

The estimated AU$250m (US$182.1m, €158.7m, £138.6m) complex, which was commissioned in 2017 by UrbanGrowth NSW – one of the Australian government’s development initiatives – will be co-implemented by design studio BVN and landscape architects Aspect Studios.

WallnerWeiss will serve as the venue’s art installation advisers.

In a statement, UrbanGrowth explained that the project was contrived to be "dynamic, sustainable, and sympathetic to the local area".

Nielson explained: "This building will be many things when it is done: a working fish market, an amenity for the city, a cultural destination, an urban connector, and an inspiring icon along the world-renowned Sydney Harbour."

Construction on the project – which could open in 2023 – is slated to begin next year.