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.
Image and article source: https://www.commercialrealestate.com.au/news/investa-and-brookfield-propose-54-million-retail-and-commercial-building-on-george-street/
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