Lendlease has lodged the development application for its Fosters + Partners-designed Circular Quay Tower primed as Sydney's tallest office tower.
The application proposes a 55-storey premium grade office tower with a construction cost of over $545 million.
Located between George and Pitt Streets, the scheme comprises a new commercial tower, a new public plaza, a revamped Jacksons on George building, and a network of pedestrian laneways lined with shops, cafes, and bars.
The design submitted to council builds upon the proposal developed during the competition won by the British architecture firm earlier this year.
Reaching 263 metres, the tower will be one of a series of skyscrapers currently under way including the Dalian Wanda's One Circular Quay apartment and hotel development which, since the announcement that the Chinese conglomerate is selling $6 billion of projects, is now in doubt.
The construction of the building will be funded by Chinese insurer Ping An and Japan's Mitsubishi Estate Asia after the developer secured their backing for the project last year.
Lendlease also announced they'd partnered with Mitsubishi Estate Asia on Melbourne Quarter’s $400 million East Tower.
Image: Fosters + Partners
The tower will include a six-storey mixed-use podium. Lendlease have also sought approval for an enhanced network of lanes within -- and connected to -- the site, with "activated" laneway frontages and 45 per cent of the precinct dedicated to community infrastructure.
Lendlease managing director of Urban Regeneration Mark Menhinnitt said Circular Quay Tower is set to open the ground plane to create as much community infrastructure as possible.
"We want to create a place that people are drawn to – from retail-lined laneways and public plazas to a landmark tower worthy of its prime location," he said.
Architecture firm Foster + Partners said that they designed primarily for the "flexibility, connection and wellbeing for tenants’ workers".
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The competition design (left) and the proposed design submitted to the City of Sydney[/caption]
The entire precinct will look to achieve a 6 Star Green Star certification and a 5 Star NABERS Energy rating.
Lendlease's proposed plaza will provide a space for people to meet, socialise and rest aside from the busy street environment. A grove of six trees, special city paving and moveable furniture have been designed to ensure daily activation and flexibility for events.
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The three laneway connections will provide pedestrian connectivity and site activation through a mix of small ‘fine grain’ retail outlets and external seating. The laneway paving includes interpretive graphic texture that relates to the historical alignment of the shoreline.
The development application, which is subject to approval by the Central Sydney Planning Committee, is on public exhibition until 4 January 2018. Consent has been granted for the demolition of the site.
Early works are under way with demolition expected to start soon.