A yet to be built commercial building at 21-43 Harris Street, Pyrmont has been placed on the market with an asking price of $310 million plus.
The vendor, which only purchased the site in July 2018, is 21 Harris Street Pty Ltd. 21 Harris Street is equally owned by James Milligan of Waterloo and QPSC Pty Ltd, which is ultimately controlled by Paul Batchelor and Michelene Hart, both of Mosman, Frank Tearle of Paddington and Justin Epstein of South Coogee.
The future building, to be known as Workshop, will be a seven-storey commercial building with a gym, child care centre, retail tenancies, end-of-trip facilities including bike lockers, infrared sauna and showers and car parking for 188 vehicles. A full-height atrium in the centre of the building will create an open, light-filled environment. Architect, Bates Smart, is aiming for a ‘campus-style space’ on the extra-large block of 3,064 sqm. French company, Publicis Groupe, has pre-committed to over half the building on a 10-year lease worth $770 per square metre.
The site, an abandoned car park, was originally bought by Singapore-based Net Venture Properties One (Australia) Pty Ltd for $26.8 million in 2013. The present vendor then purchased it for $56 million in July 2018. The development is currently still at excavation stage.