City Tatts $200m tower gets the green light
An artist's impression of how the new tower at 194 Pitt Street, Sydney would look.

City Tatts $200m tower gets the green light

City Tattersalls Club, one of the largest and oldest clubs in Sydney, has been given the green light to proceed with the plans for a $200-million mixed-use tower at its 194 Pitt Street site, in conjunction with developers ICD Property.

It will add a new 100-room hotel and an additional 246 new apartments to the eastern end of the city, adjacent to the mixed-use retail, office and residential tower proposed at the nearby David Jones site at 77 Market Street, by Scentre and Cbus Property.

After a long and drawn-out campaign by the Club, its directors and members, the City of Sydney Central Sydney Planning Committee gave an envelope approval for the Stage 1 Concept Development Application at its meeting on Thursday night.

Under the plans, the almost 125-year-old club will rejuvenate the retail and restaurants, open a combined hotel and Club reception on the ground level, as well as an event space, a co-working centre and health and wellbeing facilities.

The heritage site, if approved, will have an angular feature to ensure it does not overshadow Hyde Park.

The process to redevelop the Club and its airspace started in mid-2013 and – after a series of false starts with backers, including Mirvac, walking away – it is a big step closer to fruition.

ICD joined in 2015 and is an Australian company that developed the Eq Tower in Melbourne, which is comprised of 633 apartments, with the Chinese-backed Sino Ocean.

City Tattersalls Club chairman Patrick Campion said the approval followed a long period of working collaboratively with the council.

“It is a result that will safeguard the future of the City Tattersalls Club for another 125 years to come,” Mr Campion said.

“City Tattersalls Club’s rejuvenated premises will be a modern multi-purpose facility for inner-city residents and a tremendous new base from which the Club can continue to serve the city and its many thousands of members well into a second century.”

ICD Property managing director Matthew Khoo said the development will “breathe life back into this site” and contribute to the surrounding CBD streetscape, alongside the upcoming redevelopment of the neighbouring David Jones site by Scentre Group and Cbus and introduction of a new tram network on nearby George Street.

Mr Khoo noted that ICD Property is currently working with design studio fjmt to prepare a design competition process commencing next year. A hotel operator will also be appointed in due course.

The project comes as the Sydney CBD undergoes a $30-billion-plus construction and infrastructure boom, with all corners of the compass getting a facelift.

The current focus is at Circular Quay with close to $2 billion in new office towers and open-air pedestrian areas, and at Barangaroo with the Lendlease and Crown Resorts projects.

Upon approval, the City Tattersalls Club and 77 Market Street will be the final piece in the puzzle for the eastern CBD precinct.

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