266 Castlereagh Street, Sydney

Central Element, the visionary behind the luxury Neutral Bay development Pienza, has unveiled plans for a landmark 19-storey mixed-use building on the fringe of Hyde Park, Sydney CBD. This $100 million project promises to redefine urban living with its distinctive design and unparalleled features.

Key Features:

Prime Location: Situated at 262-266 Castlereagh Street and 271-279 Elizabeth Street, the development occupies approximately 875sqm, merging two lots and replacing a vacant four-storey commercial building and the 16-storey Hyde Park Inn hotel.

Architectural Excellence: Central Element collaborated with Pritzker Prize-winner Glenn Murcutt and renowned architecture firm Candelapas, securing special dispensation to forgo the standardised design competition. The proposal focuses on elegant rectilinear proportions, depth, rhythm, and high levels of detailed building articulation.

Residential Oasis: The 19-storey tower will house 53 residential apartments with one, two, three, and four-bedroom configurations. Living rooms, featuring solar access, are strategically placed on the façade adjoining inset balconies. Internal apartment areas exceed ADG requirements, offering flexible layouts.

Open Spaces: Residents will enjoy generous private open spaces with views of the park and city, open-plan living areas, and well-designed communal spaces. Aspect Studio handles the landscape design, introducing a garden light court to Elizabeth Street, a sky garden on level 16, and another on level 17. The rooftop on level 18 boasts a garden, terrace, and pool area with breathtaking views across Hyde Park towards St Mary’s Cathedral and Sydney Harbour.

Communal Facilities: The development features a sky garden, terrace, and pool area on level 18, designed for residents' recreation, with views across Hyde Park towards St Mary’s Cathedral and Sydney Harbour beyond.

Proximity and Accessibility: Murcutt and Candelapas note that the development provides housing opportunities within proximity to employment opportunities, major transport routes, and community facilities in the City of Sydney.

Central Element's $100 million mixed-use project represents a fusion of luxury, design innovation, and sustainability, setting new standards for urban living in Sydney.