This article is from the Australian Property Journal archive
SYDNEY Metro has received approval from the state government to develop two high rise buildings above the new Pitt St Station.
The government has approved the Station State Significant Development (SSD), which is expected to have a capital investment of up to $500 million.
The project will include a:
- a 43-storey building above the northern entry to the new Pitt St metro station on Park St between Pitt and Castlereagh streets. This building could become a commercial office tower or a mixed-use building that would include residential apartments, a hotel and commercial or retail space.
- And a 30-storey commercial or 35-storey residential building above the southern entry to the station near the corner of Bathurst and Pitt streets.
The Sydney Metro City and Southwest project is currently under construction and will connect the existing North West Metro at Chatswood, under the Harbour into iconic CBD.
The government said the approval of the Pitt St integrated development creates an opportunity to combine construction timeframes to have the new buildings ready open in line with Metro opening in 2024.
