DUO approval for Central Park

Joint venture partners, Frasers Property Australia and Sekisui House Australia, have received approval to develop a pair of buildings located on the corner of Broadway and Abercrombie Streets at its award-winning Central Park development in Chippendale.

To be known as DUO, it is a $520 million, two tower, mixed-use project.

Designed by one the world’s most awarded architecture practices, Foster + Partners, DUO will be Foster + Partners’ second residential building in Australia.

The residential component of DUO will include a total of 313 residential apartments, offering a mix of one-bedroom suites, one bedroom + study apartments, two-bedroom apartments and three-bedroom dual-key apartments, the majority of which will be located in the eastern tower of DUO.

The limited range of 48 residential apartments located on levels 11-16 of the western tower will be DUO’s premium offering – DUO Limited Edition.

DUO will also include a 300-room hotel, ground floor retail, 5,500 square metres of commercial space, a large childcare centre to accommodate up to 90 children and the refurbished Australian Hotel.

$520 million is the estimated end value of DUO, comprising $350 million in residential apartments, $120 million 300-room hotel and $50 million in retail, commercial and child care uses.

Central Park's project director, Mick Caddey, said the $520 million project brings the completion of the Central Park development into the near horizon.

DUO is set to be launched to the market in late November with registrations of interest currently being taken.