Buyers sought as AMP Capital-Mirvac Circular Quay Tzannes-design plans lodged
AMP Capital and Mirvac have lodged plans for its an upmarket apartment development on the former Coca-Cola headquarters site in Sydney’s Circular Quay.
The $100 million redevelopment, which will have an estimated $300 million value on conclusion, is located at 71-79 Macquarie Street, the last of the 1960s office blocks on the dress circle location. It was built by WD & HO Wills who purchased the site in 1961.
Preliminary approval at concept stage was given in 2012 by the NSW government. The building will provide 109 residential/serviced apartments, six levels of basement car parking and new retail tenancies fronting East Circular Quay, Macquarie Street and the through site link.
With close proximity to Circular Quay, and the Cahill Expressway, Tzannes Architects won the design competition featuring four other leading Australian firms, FJMT; Bates Smart; HASSELL and Durbach Block Jaggers.
The Alex Tzannes architect plans have only just gone on public exhibition, but prospective buyer registration is also now being sought by Mirvac in what is anticipated to be a popular rare opportunity to buy on the dress circle strip. There will be 47 luxury residences on the upper 10 levels of 71 Macquarie Street. The entrance level for the 62 serviced apartments and residences will be on level three.
There will be 65 one bedroom apartments, 17 two bedrooms, 25 three bedrooms and two penthouses. The total serviced apartment space allocation is 4475 square metres with 6487 square metre space devoted to the private prestige apartments.
AMP Capital has previously advised they see the million project as set to "revitalise an important part of Circular Quay”.
The development would “realise the original vision for the East Circular Quay precinct by completing the colonnade that extends along East Circular Quay from the Opera House”.
Excavation of the site could reveal traces of Billy Blue's hut, according to the Godden Mackay Logan heritage report. He was the Jamaican-born ex-convict who was Governor Macquarie's watchman. The Stephenson and Turner-designed office block was built between 1964 and 1966 on former 1860s wool stores which were later used as NSW Lancers light horse squadron headquarters, garaging, and dance halls.
It was two years ago when the NSW government gave its provisional go-ahead for the demolition of the former Coca-Cola headquarters, at 71-79 Macquarie Street in what will be the final phase of the East Circular Quay redevelopment.
The tenants Coca-Cola Amatil moved from 71 Macquarie Street to North Sydney four years ago.