Oxford Properties Wins Approval for Pitt Street Skyscraper

Canadian-based Oxford Properties Group will move ahead on building a 39-storey office tower above Sydney Metro’s future Pitt Street Station after the project was approved.

The state significant development designed by Foster + Partners fits an L-shaped block on Pitt Street in Sydney’s CBD with frontages to Park and Castlereagh streets.

The Pitt Street North Metro over-station development plans were lodged in July 2020. Construction is expected to begin later this year.

The application showed a 177m-high building with 55,743sq m of ground floor area including the train station, mezzanine, plant levels and two sky lobbies.

There were also four retail tenancies, storage, station management and building services on the ground floor with flexible commercial space starting at level five.

It is part of a twin-tower development including a build-to-rent south tower on the corner of Pitt and Bathurst streets which is yet to be approved.

Related: Oxford Lodges Build-to-Rent Plans for Sydney Skyscraper

The view of Oxford Property's office tower over Sydney Metro's future Pitt Street Station along Park Street towards Hyde Park.
▲ The view of Oxford Property's office tower over Sydney Metro's future Pitt Street Station along Park Street towards Hyde Park.

Oxford Properties said it planed to complete the Pitt Street towers in 2023, with the scheduled metro services to begin in 2024.

The landmark office tower would leave an enduring legacy and enhance the area, according to the application.

“The asymmetry of the building is emphasised by articulating the height of the three distinct building tower forms,” the application said.

“Each tower volume has its own unique orientation and height, with the tower massing responding to the stepped roofs of ANZ Tower [242 Pitt Street], 2 Park Street and the 201 Elizabeth Street tower.”

The Canadian property developer has put a big focus on the Australian market during the pandemic.

It acquired another build-to-rent property in Footscray, Melbourne for $450 million as the sector gains rapid momentum in the Australian property landscape.

Oxford Property also took control of $12 billion in commercial assets under management, securing a 50 per cent stake in Investa while the 105 Miller Street, Sydney office plans remain under assessment.

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Article originally posted at: https://www.theurbandeveloper.com/articles/oxford-property-pitt-street-metro-station-north-tower


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