Aqualand Unveils North Sydney BtR Skyscraper

The latest tower planned by Aqualand has been unveiled—a 46-storey skyscraper slated for a North Sydney site. The Woods Bagot-designed highrise comprises 390 build-to-rent apartments plus sky gardens atop a mixed-use podium. The project has an estimated cost of $341.7 million, according to documents. Aqualand paid $78 million for site at 146 Arthur Street in 2017. There is a 12-storey office building on the parcel, which also has frontage to Little Walker Street. The plans follow the developer’s $70-million acquisition of 132 Arthur Street , two doors down, where a 40-storey, hotel and build-to-rent apartment is planned. And another Aqualand residential development in North Sydney, Aura at 168 Walker Street, is progressing with $40 million in sales recorded over one week in August. Aqualand head of sales and marketing Alex Adams said the region was in the middle of a renaissance on the back of $14 billion in private sector spending. ▲ A render of build-to-rent tower planned by Aqualand in North Sydney. On the commercial front, multinational firms including Zurich, Sony, Coca-Cola and Microsoft now have their headquarters in North Sydney And the region’s private and selective schools are proving an attraction for buyers, and include the vertical Reddam House campus and North Sydney Boys and Girls high schools. Aqualand’s 1641sq m Arthur Street site is in the North Sydney Central Business District, and is 250m from the Victoria Cross Metro Station, which opened in August. The skyscraper plan also proposes work-from-home spaces, pools, gym, sauna, games rooms, lounges and library. There are also four sky gardens, roof terraces, a central green spine and ground-floor landscaping by Oculus. ▲ The podium would include retail, amenities and communal open spaces. The proposed skyscraper is bigger than the original 40-storey, 300-apartment tower Aqualand had slated for the site. The planning report by Glyde said there was a need for high-grade residential and commercial floor space in the area, and the proposal would meet that. It said that although the site was zoned E2—Commercial Centre, allowing a new or refurbished commercial development, a build-to-rent scheme supporting commercial and retail use was determined the best use of the site due to the “state of the commercial property market” and NSW housing objectives.

Aqualand Unveils North Sydney BtR Skyscraper

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Aqualand Unveils North Sydney BtR Skyscraper

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