George Street tower gets go-ahead
The proposal is for a 32-storey apartment block, plus four floors of retail, on George Street near Market Street. The heritage-listed Carlton and Spiden Houses at 46-48 York Street will be retained, and the adjoining two sites on George Street will be demolished.
It is hoped the retail podium will attract international labels such as the European apparel group H&M, which is said to be close to signing a contract.
Other possible tenants include Japan's Uniqlo, British retailer River Island, and Forever 21.
In the development application, the podium includes 700 square metres of retail and commercial space.
Prices are yet to be confirmed for residential units, but studio apartments range in size from 37 sqm to 43 sqm.
The concierge will be in the sky lobby on level six, as will a 20-metre lap pool, a sky garden, a gym, yoga space and a barbecue.
Lower grade and near obsolete office blocks are increasingly earmarked for conversion into residential towers in Sydney's CBD.
Some of these include Greenland's proposal for the former Sydney Water Board site at 115 Bathurst Street and the former Coca-Cola Amatil property at the heart of Circular Quay.
Residential demand is high near Hyde Park, shown by the sale of a penthouse at The Residence to an offshore Chinese investor for $17 million in August.
Frequently Asked Questions about this Article…
The George Street Tower project is a $110 million development by Fife Capital, approved by the City of Sydney Council. It includes a 32-storey residential tower with four floors of retail space, located at 383 George Street near Market Street.
The retail podium of the George Street Tower hopes to attract international labels such as H&M, Uniqlo, River Island, and Forever 21.
The George Street Tower will feature a sky lobby on level six with a concierge, a 20-metre lap pool, a sky garden, a gym, yoga space, and a barbecue area.
Studio apartments in the George Street Tower will range in size from 37 square meters to 43 square meters.
The heritage-listed Carlton and Spiden Houses at 46-48 York Street will be retained as part of the George Street Tower development.
Lower-grade and near-obsolete office blocks are increasingly being converted into residential towers in Sydney's CBD due to high residential demand, especially near areas like Hyde Park.
Other notable developments in Sydney's CBD include Greenland's proposal for the former Sydney Water Board site at 115 Bathurst Street and the former Coca-Cola Amatil property at Circular Quay.
The high residential demand near Hyde Park is evidenced by the sale of a penthouse at The Residence to an offshore Chinese investor for $17 million in August.
Call 1300 880 160
Start a chat
Schedule a call
