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OfficeRenee McKeownTue 29 Oct 24

Joint-Venture Reveals $925m Skyscraper for Hyde Park

201-217 Elizabeth Street SYDNEY NSW 2000 plans for a 55 storey hotel and apartment tower by charter hall abacus and quadreal.

Charter Hall wants to knock down an 38-storey modernist office block to build a 55-storey hotel and apartment highrise overlooking Sydney’s Hyde Park under its $925-million plan.

The mixed-use tower has been in the works since Charter Hall Group, Canadian investment firm QuadReal and Abacus Group purchased the property for $630 million, in a 36/32/32 split, in 2019. 

Previous owners Dexus and Perron Group had made an application to establish a building envelope for the site, which was considered by the City of Sydney in early 2018. 

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ResidentialHotelOfficeSydneyDevelopmentPlanningPlacemakingArchitecturePlanningProject
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Renee McKeown
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Article originally posted at: https://www.theurbandeveloper.com/articles/charter-hall-pacific-power-501-elizabeth-street-sydney