Deicorp is ready to dig in at Hyde Park following the approval of its final plans for a 55-storey mixed-use tower in Sydney.
The Hyde Metropolitan project comprises 168 apartments and a six-level podium with retail, office and communal areas designed by Candalepas Associates.
Work on the 1593sq m site at 133-141 Liverpool Street, at the corner of Castlereagh Street, is scheduled to begin this month at a cost of works of $216 million.
The final go-ahead was made by the City of Sydney Central Sydney Planning Committee.
Deicorp founder Fouad Deiri said the design of the tower made the most of views of the CBD and Sydney Harbour.
“The Hyde Metropolitan will be one of the Sydney CBD’s landmark residential towers, located on the edge of the historic Hyde Park and emerging Tech Central precincts,” Deiri said.
Deciorp acquired the Polding Centre from the Catholic Archdiocese of Sydney in 2021 for an undisclosed sum, with pre-approval for a 60-storey mixed-use tower on the site.
There were also plans in 2018 for a 70-storey residential tower and while the latest tower by Deicorp has fewer storeys, the building will still be 234 metres.
A 24-storey commercial building constructed in 1977 for the Commonwealth Bank will be demolished to make way for the tower.
The Candalepas design includes four levels of A-grade office space, ground-floor retail, a courtyard garden and a communal floor for the building’s residents, which includes gymnasium, day spa and pool.
The building will have one, two and three-bedroom apartments, and will include homes with 2.9m ceilings and full-height glazing.
Upper-level homes will have their own private foyer and lift access.
The ground level will become home to a high-end restaurant and bar.
The privately owned builder-developer also filed plans this month for a 32-storey residential tower overlooking the Parramatta River in Sydney’s western suburbs.
