Mirvac's George Street development has reached completion, while Sydney's Circular Quay facelift attracts growth to the area.
Standing 37 stories and spanning 39,200 square metres, the 'smart' building is reportedly designed both with the environment and the wellbeing of office workers in mind and is the first completed project as a part of a major facelift of the Circular Quay precinct.
Property Council NSW executive director Jane Fitzgerald said that the development and growth around Circular Quay provides the opportunity for private and public enterprise to come together and create a world class gateway to Sydney for all the community, not just tourists.
“The Circular Quay facelift involves some of the biggest names in property and provides an exciting opportunity for small business, local enterprise and the city of Sydney,” Ms Fitzgerald said.
“The facelift comprises 10 developments that stretch the length of Circular Quay, from 71 Macquarie Street to 200 George Street, and involves major investment from Lendlease, Mirvac and AMP Capital.”
AMP Capital's 50 Bridge Street development, Lendlease's Circular Quay Tower and the Dalian Wanda Group's 1 Alfred Street development will add world class design to the Circular Quay skyline.
The planned update to public transport in the area will also inject a new vitality into what has become a tired space.
“It is an exciting time for Circular Quay but it is important that the laneways, parks and walkways that frame these developments are activated and attract people to come and enjoy the space.” Ms Fitzgerald said
“We must ensure that world class cultural landmarks such as the Sydney Harbour Bridge and Opera House are linked with these new buildings to create a Circular Quay that is a fitting gateway — a fitting front door — to our great city”.
200 George Street and the redevelopment of Circular Quay will be discussed at a Property Council forum this Friday that will bring together designers, developers and government to discuss the best way to take advantage of the current momentum.