Investa and Brookfield propose $54 million retail and commercial building on George Street

Investa and Brookfield have filed plans with City of Sydney council which will contribute to the changing face of the Sydney CBD’s northern end with a $54 million building at 388 George Street.

The 3353-square metre block on the corner of George and King Streets is jointly owned by Investa Office Fund and Brookfield Office Properties. To build a new five-storey retail and commercial podium on the underutilised forecourt, the co-owners are proposing to partially demolish the existing podium and remove six basement car parking spaces.

In addition, a new publicly accessible arcade link connecting the existing tower and the proposed building is also being proposed to council. The new podium will include a new tower lobby, three office space levels, three retail space levels (including the lower ground floor) and a rooftop terrace with restaurants and cafes.

The building, designed by FJMT architects, will feature a curved glass and sandstone facade which will juxtapose the existing tower with the new podium. “We are seeking to develop a material and character that is uniquely Sydney: that relates to the natural landform, topography, heritage and sandstone foundation of Sydney,” FJMT wrote in its design statement.

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