Development plans for the Tattersalls Club, Sydney’s near 125-year-old club, along with a 49-storey tower on Pitt Street have been approved by the City of Sydney.
Melbourne-based developer ICD Property and the City Tattersalls Club received envelope approval for the stage one concept development application from council at its meeting on Thursday.
Plans include a 49-storey tower which will comprise around 246 residential apartments and a 100-room hotel above the heritage Sydney CBD site.
The approval comes after the NSW Land and Environment Court declined plans for the $200 million tower in May last year, on the basis the airspace development atop the art deco building would have negative heritage impact.
The 194-204 Pitt Street project, one of Sydney’s protected heritage sites, is a rare residential and hotel project in Sydney CBD.
The club-house redevelopment includes retail, restaurants, a combined hotel and Club reception on the ground level, along with an event space, a co-working centre, health and wellbeing facilities.
The club sits closely to the Westfield on Pitt Street. Developments in the vicinity include the $300 million redevelopment of the David Jones site by Scentre Group and Cbus.
ICD Property managing director Matthew Khoo said the group worked closely with the City of Sydney, planning consultants, and local architects Fjmt, throughout the DA submission.
“We hope that it will contribute heavily to the surrounding CBD streetscape,” Khoo said.
A design competition will kick off in 2020 for the design of the City Tattersalls Club, which Khoo says the group is working with Fjmt on.
The Tattersalls Club redevelopment marks ICD Property’s first project in Sydney’s market.