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Crown Group's $250m Clarence Street Residential Tower Tops Out

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Iwan Sunito’s Crown Group has announced that its 25-storey, “Arc” residential tower has topped out in Sydney’s CBD.

The “Manhattan-style” building now rises 22-storeys and features 220 apartments – including 42 serviced apartments – and ground floor retail outlets activated by a through-site link for public amenity.

Lower levels include an eight-story cathedral-like atrium rising 20 metres above street level over a new public laneway between Kent and Clarence streets, joining historic Skittle Lane.

Koichi Takada Architects designed the building to feature heritage-inspired street level brick arches transitioning to a glass-and-steel tower, with curved fins rising from the building’s rooftop.

Related reading: Sydney's Central Station $955m Urban Transformation

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The $250 million Clarence Street development will join the developer’s under-construction Green Square and Waterloo building developments and the recently announced $1 billion revitalisation of the Eastlakes Local Town Centre.

“Arc by Crown Group mirrors the dynamic, optimistic and ambitious nature of Sydney, where the past and the future combine to create a vibrant, international city,” Crown Group chairman Iwan Sunito said.

Set for a mid-2018 completion, Arc by Crown Group has reportedly sold 95 per cent of its first and final release of apartments, clocking more than $173 million in sales.

Arc by Crown Group is within easy walking distance to Barangaroo and soon to be completed additions to Sydney such as Darling Square and the upcoming $1.6 billion casino Crown Sydney.

Related reading: Construction Group Built Submit DA for Heritage-Listed Clarence Street Building

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Crown Group recently made its first foray into Brisbane’s apartment market, submitting a development application for a 12-storey residential tower in West End designed by FJMT.

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Article originally posted at: https://https://theurbandeveloper.com/articles/crown-groups-250m-clarence-street-residential-tower-tops-out-