While the Sydney CBD remains asleep several owners and developers are showing confidence in its future life, lodging development applications with City of Sydney Council in April and May of 2020.
At 375 Pitt Street developers Rebel Property and Everest have just lodged their application for a 4-star, 34 storey hotel and commercial development with four-storey podium and 30 storey tower above with 304 hotel rooms. The eye catching four-storey podium, designed by Crone architects, will be transparent using materials of recycled brick and glass. It will house the hotel lobby, a restaurant, gym and co-working commercial space. Estimated cost of build is over $80 million.
At 139 York Street, owner Lavantage Holding (owned by Wenjing Xu of Killara) has submitted a development application for another hotel to be built at an estimated cost of $17 million; it will comprise 57 rooms over 17 levels.
At 41-45 Erskine Street, developer TWT is proceeding with their hotel plans, lodging a May application for a 16-storey, 3-star hotel to comprise 93 hotel suites, café and lobby.
The Barana Group is moving ahead with its plans for a mixed-use development at 189 Kent Street, submitting the application in early May. It is to be a 24-storey development with two partially connected towers, 125 apartments, seven commercial suites and three retail tenancies. Planned communal space will include a gym and sauna and a pedestrian through-site link to a common space to be known as Grafton Lane.
And finally, the NSW Masonic Club is moving ahead with its planned $7 million refurbishment. Their 12-storey building at 169 Castlereagh Street, built in 1925, was last refurbished in 1996. The club plans a full internal refurbishment of their 82-room Castlereagh Hotel.