The ground floor at 177 Pacific Highway, North Sydney’s newest office tower, is set to become home to a Garden Plaza café, restaurant and laneway-style food and beverage options for local workers and residents.
A national retail leasing campaign to launch this month will have retailers excited about the new wave of change to take place in North Sydney.
Leighton Properties and owned by
Suntec Real Estate Investment Trust, 177 Pacific Highway will feature a ground floor plane including three retail tenancies ranging from 30 square metres to 150 square metres with an additional licensed seating area from 40 square metres to 250 square metres.
According to a tenant sentiment survey conducted by
Urbis in February 2013, a large proportion of recommendations made regarding the North Sydney CBD related to the improvement of retail provisioning and better quality cafés and restaurants.
Retailers at 177 Pacific Highway will meet this need by providing quality amenity for workers and residents in the area, and a unique destination for entertaining clients.
177 Pacific Highway will be North Sydney’s first new commercial building in six years and is set to become one of Sydney’s most significant projects.
Located at the northern gateway to North Sydney’s CBD and in close proximity to public transport and major freeways, retailers can take advantage of the projected local population of 39,000 workers and 10,000 residents by 2016.
CBRE Director of Retail Services Leif Olson said the development would be a catalyst for North Sydneys future.
“The retail component of the development will service the occupants of the tower and the surrounding community. There are several new residential developments nearby, namely Montrose, Eon, Skye and The London, which will bring in more people and demand for high-quality amenity in North Sydney,” Mr Olsen said.
Leighton Properties National Head of Commercial Andrew Borger said companies had become increasingly more conscious about ways to attract and retain staff.
“Not only do tenants want the next generation workspace for staff, they also want a workplace that offers a high level of convenience and amenity,” Mr Borger said.
“We are excited to breathe new life to the area with quality food and beverage retailers.
“The unique, naturally ventilated Garden Plaza will be teeming with workers and visitors, providing an alternative workspace for casual meetings over coffee or lunch.”
The development has strong support from local council.
North Sydney Mayor Jilly Gibson said it would bring a new energy to the area as it increasingly becomes the meeting point of business and lifestyle.
Designed by award-winning architectural firm Bates Smart, 177 Pacific Highway will be a striking addition to the North Sydney skyline and will have a vibrant town square atmosphere, comprising a spectacular 13-metre high glass façade entry, public Garden Plaza and ground floor retail.
The development will incorporate 40,000 square metres of A-Grade commercial space across 30 levels, 75 per cent of which has been pre-leased to Leighton Group Property Services.
With efficient and flexible design, the landmark development will target a 5 Star Green Star v3 Office Design and Office As Built rating and 5 Star NABERS Energy rating.
The building is scheduled for completion and occupancy in early 2016.