One of the more interesting properties on the market this week is the future Exchange Building at Darling Square. It is part of the Darling Square development, a staged project being developed by Lend Lease. The development sits on the site of the former Qantas Credit Union Arena, better known as the Sydney Entertainment Centre, which was demolished in 2016.
Besides the Exchange Building the development will include three mixed-use buildings being built over a five-level podium which will include 2,011 sqm of retail floor space on the ground, 445 above ground car parking spaces, a community room, outdoor gym area, swimming area, seating areas and a BBQ and seating area with a covered pergola. In total the North East Plot will accommodate 580 residential apartments and eventually be part of the whole Darling Square Village which will cater for 4,200 residents and 2,500 workers.
The Exchange Building itself will be a striking circular building of six-storeys, comprising of a retail market hall on ground floor, the City of Sydney library, a 90-place child care centre and a roof top restaurant and terrace bar. Designed by Kengo Kuma Architects, the entire structure is to be wrapped with a wooden screen creating a façade wrapped in 20 kilometres of curved timber. It will be Kengo Kuma's first building in Australia though they are well known for the timber cladding Japan.
CBRE Sydney has been appointed to conduct the sale and, apparently, hopes to realise a price in the vicinity of $70 million.