A local and international consortium is planning an A-Grade commercial development in the Northern Sydney suburb of Crows Nest.
The thirteen-storey block at 270-272 Pacific Highway will cost an estimated $164 million.
The consortium includes Ascent Capital’s Steven Papadopolous, Hong- Kong-based Christina Mooi Chong Chew and Hing Loong Rudoff Leong who are listed as directors of development company Silvernight (Crows Nest) Landowner Pty Ltd.
The site is currently home to two five-storey commercial buildings comprising retail, restaurant, gym, medical and office premises, which will be demolished to make way for the new offices.
If approved, the Crows Nest building will have a total gross floor area (GFA) of 22,652sq m, with 22,247sq m of office premises, including ground floor and lower ground floor lobbies.
The remaining floor area would comprise retail premises and a cafe, with three levels of basement car parking which would accommodate 182 car parking spaces.
The developers say the proposed development will play a “key role” in achieving the 2036 vision for St Leonards and Crows Nest, which aims to deliver 16,500 jobs.
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The site is next to Crows Nest Village, and within 400 metres of the future Crows Nest Metro Station as well as the Mater Hospital. An over-station development was approved by the NSW Government last year.
Planning documents said it would attract new jobs to the area and “contribute to the growth of the Eastern economic corridor”.
Elsewhere in the area, plans have been lodged for a $55 million adaptive reuse building, and Jemalong Property Group has also been attempting to push through a build-to-rent project in St Leonards.
