Sullivans Cove to the CBD, and possibly to North Hobart. An international design competition was held for the Hobart waterfront in 2006. It attracted 280 entries from over 50 countries. Three winners were announced on January 26, 2007. With the change in the cove's primary activity from a freight port to tourism and recreational uses, many of the sheds in the area have been either re-purposed or replaced – notably, all buildings keep the former gabled roof architecture. These buildings include: Elizabeth Street Pier – restaurants, bar and function space Princes Wharf Shed No. 1 – redeveloped as PW1 event space in 2011 Princes Wharf Shed No. 2 – replaced in 2012 as the University of Tasmania's Institute for Marine and Antarctic Studies centre Macquarie Wharf Shed No. 1 – to be replaced in 2015 with a luxury hotel (under construction) Macquarie Wharf Shed No. 2 – redeveloped in 2013 as MAC02 cruise ship terminal Brooke Street Pier – replaced in 2014–2015 with a ferry terminal/tourism transport hub Additional development in the immediate area include a $100m redevelopment of Parliament Square, behind Parliament House. References Historic districts History of Hobart Geography of Hobart 1804 establishments in Australia Port of Hobart River Derwent (Tasmania) Coves of Australia