Billbergia & Metrics propose two 80-level towers in Sydney's CBD
Developer Billbergia Group and non-bank lender Metrics Credit Partners have teamed up to propose a new luxury mixed-use project in the increasingly evolving Sydney CBD.
The joint venture, Central Sydney Property Pty Ltd, has acquired a 6,000 sqm site bordering Castlereagh, Pitt, and Liverpool streets from offshore developer Han's Holding Group and has revealed plans for two 80-level towers with around 600 luxury apartments, a high-end hotel, retail spaces, and an enhanced public domain.
The towers will be amongst the tallest in the Sydney skyline once complete.
It represents Billbergia’s first foray in the Sydney CBD and comes on the back of 88 Walker, its award-winning mixed-use project in North Sydney, delivered in partnership with Metrics, who has $22 billion in assets under management, specialising in fixed income, private credit, equity and capital markets.
“Our vision will transform this underutilised city block into a cutting-edge urban community with luxury residences supported by premium amenity, quality public domain and active placemaking," said Saul Moran, Development Director at Billbergia.
"This mixed-use development is Billbergia’s first in the CBD and heralds the renewal of the Midtown district.
Following an international design competition in 2018, the project will be designed by fjcstudio, in collaboration with Trias Studio, Aileen Sage and Polly Harbison Design.
According to fjcstudio, the towers will feature distinctive yet elegant architectural design reflecting Sydney’s geometry and urban character, with a network of through-site links and intimate public spaces activating the streetscape.
“Our design proposal has a distinctive and forward-looking form but is also restrained, elegant and reinforces the geometry, urban structure and maturity of Sydney," said Richard Francis-Jones, Design Director at fjcstudio.
"Fundamental to the urban character of the design is the fine-grain orthogonal structure of the public domain and streetscape. The small footprint tower forms nestle into a network of throughsite links and intimate public spaces addressed and activated by a variety of low-scale buildings - a city in microcosm."
Apartments will be delivered in a range of one, two and three-bedroom configurations, alongside exclusive penthouses with unobstructed views, spanning from Hyde Park to the Harbour and over Sydney Heads to the East.
With the site’s acquisition now complete, subject to relevant approvals, demolition is expected to commence next year.
