This article is from the Australian Property Journal archive
THE City Tattersalls Club and its development partner ICD Property have received approval from Sydney council’s to move ahead with its plans for a 49-storey tower on its historic Pitt St home in the CBD.
Plans for 194-204 Pitt St will also include the rejuvenation of the entire club house, including retail, restaurants, hotel and club reception on the ground level, as well as an event space, co-working centre, and member facilities.
Rising 49 storeys, the tower will have 246 apartments and a 100 room hotel.
Central Sydney Planning Committee’s green light for the stage one concept development application of the property breaks a run of several years of previous permit hurdles. Plans for the site were re-lodged more than 12 months ago with a project price tag of $270 million. The project partners were forced back to drawing board when an application was declined on heritage grounds one year earlier.
The 124-year-old City Tattersalls Club and ICD Property worked with the City of Sydney. planning consultants, and local architects fjmt throughout the recent submission process on the highly protected site, which includes three interconnected heritage buildings that will be restored.
“It is a result that will safeguard the future of the City Tattersalls Club for another 125 years to come,” City Tattersalls Club chairman, Patrick Campion said.
“City Tattersalls Club’s rejuvenated premises will be a modern multi-purpose facility for inner city residents and a tremendous new base from which the Club can continue to serve the city and its many thousands of members well into a second century.”
ICD Property is currently working with fjmt to prepare a design competition process that will begin in 2020.
Scentre Group and Cbus are redeveloping the neighbouring David Jones site and a new tram network is being rolled out on nearby George St.
“We are excited to be part of Sydney’s growth, contributing a development that will greatly enhance the CBD by including an activated ground floor, home to a number of businesses and amenities that will bring people together and give back to the local streetscape,” ICD Property managing director, Matthew Khoo said.
