This article is from the Australian Property Journal archive
PROLIFIC developer Tim Gurner has received approval for its revised plans for $800 million twin residential towers in Sydney’s Barangaroo precinct.
The planning submission for 189 Kent Street, lodged in March, was a modification to the existing development approval. It has now been approved by the City of Sydney.
The new plans provide more three-bedroom options and a reduction in total residences from 125 to 91 across the 34-level towers. A maximum of one to two residences per level throughout the project has been retained.
Two dual-level penthouses will feature alongside a sky pool and terrace, private dining, business lounge, valet and concierge, and an expansive ultra-luxe wellness area.
“This is our first project in Sydney and we are going to ensure it is something truly world class, and that we are offering a level of six-star luxury, amenity and service that has not been offered before in Sydney,” Gurner said.
“With a maximum of two apartments per floor and numerous full-floor residences, the project has been created for Sydney’s astute home owners that want to live their ultimate life in the heart of the city with our world class services, amenity and homes.”
Gurner bought the 1,195 sqm site in 2023 for around $200 million. It has been occupied by a 1960s-built commercial office tower. The site represents the final freehold land title site in the broader Barangaroo precinct, which is largely composed of leasehold sites.
Gurner collaborator FJC Studio will be leading the architecture of 189 Kent Street.
Launch and commencement of works on-site are both expected in 2025.
“We have been overwhelmed with the enquiry for this project, well before we have even discussed the launch, and look forward to being able to reveal more in 2025,” Gurner said.
Works have kicked off recently at key Gurner projects. In Melbourne’s South Yarra, Gurner and Qualitas have their $2.75 billion Jam Factory redevelopment underway, which will ultimately comprise 600 luxury residences across five towers, 10,000 sqm of commercial office space, 20,000 sqm of retail and hospitality, a new Village Cinema and two hotels.
Over in Docklands, construction has started at Gurner and Liberman family-backed joint venture partner City Harbour’s $1.7 billion “futuristic wellness and anti-ageing utopia” , which will comprise 1,100 new apartments.
