Lendlease lodges plans for 55-level Circular Quay Tower

Lendlease lodges plans for 55-level Circular Quay Tower

1 December 2017

Lendlease has lodged plans for its long-awaited 55-level commercial Circular Quay Tower and new ground-level precinct with the City of Sydney, with a construction cost in excess of $545 million.

The construction will be funded by Chinese insurer Ping An and Japan’s Mitsubishi Estate Asia after Lendlease secured their backing for the project last year. Lendlease also announced they’d partnered with Mitsubishi Estate Asia on Melbourne Quarter’s $400 million East Tower.

The Foster + Partners-designed premium office tower — primed to be Sydney’s tallest office tower, soaring to 263 metres — will have a mixed-use podium, retail-lined laneways and a new hospitality offering on the Jacksons on George hotel site.

Located between George and Pitt Streets, the scheme comprises a new commercial tower, a new public plaza, a revamped Jacksons on George building, and a network of pedestrian laneways lined with shops, cafes, and bars.

Having been neglected for some time, the area, considered one of the best gateway city views in the world, will be one of the final pieces of the $64 billion-plus upgrade of the Sydney CBD — a city which is trying to reinvent itself and catch up with Melbourne in terms of liveability and amenity.

As reported in The Sydney Morning Herald, Lendlease managing director, urban regeneration, Mark Menhinnitt said the proposed design is a “major win” for Sydney as it looks to find new ways to reinvent spaces in the CBD. It is estimated it will cost Lendlease about $545 million to construct.

“In collaboration with the City of Sydney and Foster + Partners, we have developed a scheme that opens the ground plane to create as much community infrastructure as possible,” Mr Menhinnitt said.

“Circular Quay has long been a renowned attraction in Sydney. Our ambition for this project is to create a place that workers, visitors and the surrounding community love. We want to create a place that people are drawn to – from retail-lined laneways and public plazas to a landmark tower worthy of its prime location.”

The entire precinct is targeting a 6-star Green Star certification and a 5-star NABERS Energy rating. Community infrastructure to be created by the project includes George Street Public Plaza, Rugby Place Public Plaza, a public cycle facility, public art and a three-storey community building.

Foster + Partners senior executive partner Gerard Evenden said they had considered everything in the design, “from the tower’s scale and floorplates to the amenities and technology – to provide flexibility, connection and wellbeing for tenants’ workers”.

“With many levels boasting spectacular views of Sydney’s landmarks, the tower will encompass functionally flexible open space floorplates that enjoy north facing workspaces,” Mr Evenden said.

The development application, subject to approval by the Central Sydney Planning Committee, is on public exhibition. Consent has been granted for the demolition DA for the site. Early works are underway with demolition expected to start soon.