City Tattersalls Club members give tower project the green light

City Tattersalls Club members give tower project the green light
City Tattersalls Club members give tower project the green light

Sydney's City Tattersalls Club members have voted by a massive majority in favour of the proposed airspace development above the club’s premises at 194-204 Pitt Street, clearing the way for the club to sign a development management agreement (DMA) with partners ICD and Sinclair Brook.

A huge 93.6% voted in favour of the development that will see $96 million flow through to the club. 

“The majority in favour of the project was phenomenal and, as far as we know, a record in the club’s 120-year history,"  said Patrick Campion, chairman of City Tattersalls Club. 

 "This year we have submitted a far better stage 1 development application (DA) and we have received feedback from City of Sydney Council to which we have responded," said Tony Guilfoyle, CEO of the club.

"Council will now go through its process in analysing the club’s application. Assuming approval from Council, the club will embark upon an expression of interest (EOI) campaign for the right to part own and/or operate the 100 room hotel and the Design Excellence competition will also be officially launched.” 

The terms of the DMA include five floors of club and hotel facilities from ground, two basement floors of club cellars, storerooms and other utility rooms. There will be a hotel with nearly 100 rooms from levels 5 to 10 with a sky terrace restaurant and bar on level 7. The ground floor would be earmarked for retail.

The $96 million to the club will be allocated as follows: $71 million towards the design and development work on the new club and hotel, $20 million for fit-outs works and $5 million in cash.

Tags: 
Sydney Development

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