A plan for a 14-storey office tower at St Leonards has been revealed as part of a major project to transform the area on Sydney’s North Shore into the “next Chatswood”.
The office tower will be part of the $1.6-billion Eight Eight by JQZ on Christie Street, St Leonards that also incorporates 637 apartments, a new retail and dining project, supermarket, civic plaza and public library.
CBRE and Colliers International are leading the leasing opportunities for the tower at 558 Pacific Highway. CBRE’s North Sydney managing director Rachel Vincent said “place-making” was at the forefront of the project.
“Given the lack of available contiguous office space on the North Shore, the project will fill a major gap and appeal to a broad range of occupiers seeking new corporate headquarters,” she said.
“[It will include] destination retail, train connectivity and a strong focus on wellness and convenience.”
The tower will include 16,739sq m of office space with generous floor plates spanning 1000sq m to 1470sq m, outdoor terraces on levels 2 and 8, and direct connectivity to St Leonards train station via an underground passage.
JQZ founder and managing director Jianqiu Zhang said the A-grade office tower was central to the group’s strategy to develop a “live, work and play” precinct.
“We identified a clear gap in the St Leonards market, which is dominated by ageing office stock and where a growing number of buildings have been converted to residential use, leaving limited quality options for office occupiers,” Zhang said.
“A key differentiator for this building will be the associated amenity, including an immersive, four-level retail and dining precinct, featuring a laneway eat street, bars, alfresco cafes and lifestyle offerings, allowing people to remain engaged before and after their business day.”
Colliers International national director Dan Walker said the flexible floor plates would accommodate both multinational and multi-level corporate headquarters and boutique creative spaces.
“Other attributes include leading edge technology and world-class wellness facilities, including high quality end-of-trip facilities, with a target of achieving 5-star Green Star and 5-star NABERS ratings,” he said.
The building will also include 121 commercial car parking spaces and 316 public car parking spaces. Net office rentals are expected to average between $850 and $900 per square metre.
Construction of the office tower is due for completion in late 2022, while the Eighty Eight precinct due to be finished in 2023.