Sydney's City Tattersall redevelopment gets sign off for apartment and hotel project
The landmark City Tattersall Club, in the heart of the Sydney CBD, has been given the greenlight to convert the building in to a 50-storey mixed-use tower.
At the helm of the project is the Melbourne-based ICD Property, who will develop the project alongside the Singapore-listed First Sponsor.
The Central Sydney Planning Committee issued formal approval this week for the plans by the local architect, BVN Architecture. The local architecture firm, fjmt studio, will oversee all heritage design aspects of the redevelopment, highlighting the building’s historic features and the design of the City Tattersalls Club’s interiors.
The affectionally known "City Tatts Club", at 194-204 Pitt Street, will be revitalized, with upgrades to the Club’s heritage ground floor including new ground floor retail and restaurants, an upgraded lower bar and grill, a state-of-the-art commercial wellness centre, new bars and sophisticated lounge areas, event spaces, and an innovative co-working club.
A podium will be built on top of the existing heritage floors, with a tower above comprising a 101-room hotel and 241 high-end residences.
ICD Property Managing Director Matt Khoo said it was a "huge honour" to be handling the project.
“To be able to redevelop the City Tattersalls Club, one of Sydney’s longest standing institutions, and preserve that rich history for future generations to enjoy, is a huge honour,” Khoo said.
“Developing new residences in the very heart of Sydney’s CBD, surrounded in every direction by the city’s best shopping, dining, and entertainment precincts such as Westfield Pitt Street, Haymarket, Darling Harbour, Hyde Park, China Town, and Circular Quay – is also not something you see every day.
"We could not be more excited by this rare opportunity.”
In response to securing approval for their first Sydney development project, First Sponsor’s Group CEO Neo Teck Pheng said the location of the City Tattersall Club is one of the most sought-after in the country.
“We have always been attracted to the Australian property market which has seen stable, long-term growth and a particular uptick in the residential sector within the last 18 months," Pheng said.
"The City Tattersalls Club redevelopment was particularly appealing due to its location in what is arguably the most highly sought-after real estate location in the whole of Australia, as well as the hands-on partnership with ICD Property whose collaboration and local knowledge has been extremely valuable to guiding this project forward.”
The premium apartments occupying the top floors of the tower will offer views over Sydney’s city skyline and harbour and give residents exclusive access to premium amenities including a number of multi-purpose rooms, private dining lounges and a luxurious outdoor deck with BBQ and entertainment rooftop facilities.
Apartment are expected to launch to the market in Q2 2022, with construction expected to follow soon after in the middle of the year.
To keep up to date with the development and its launch, enquire here