Charter Hall readies Stage 2 DA for 201 Elizabeth Street

Written by

Charbel Abousleiman

Urban Planning Lawyer & Buyers Agent

06/11/2023

Charter Hall is preparing to lodge a State significant DA for the reinvigoration and enhancement of its 1978 building in Sydney CBD.

Chater Hall and Abacus purchased 68% and 32% of the tower respectively in 2019 for $630 million. The A-grade, 38-storey modernist office tower features excellent access to premium retail, dining, entertainment and transport precincts, including the new Sydney Metro Pitt Street Station, scheduled to open next year. It is uniquely positioned directly across from Hyde Park, capturing natural light from all sides and eastern views to the Harbour.

The site benefits from the following concept development permit:

lower ground retail space with a pedestrian connection to Museum Station and a potential connection to the future Pitt Street Metro Station,
hotel and function centre, and
residential accommodation.

Location of 201 Elizabeth Street

Upon being issued environmental assessment requirements from the Planning Department’s Secretary, Charter Hall will lodge a State significant development application for the detailed development based on the competition-winning scheme by FJMT, comprising:

53 x storey mixed use development,
26,805 square metres of hotel floor space, providing a 400 x room 5-star hotel and function centre located within the podium element,
31,055 square metres of residential floor area containing 295 x apartments,
2001 square metres of ground and mezzanine retail, and
5 x basement levels.

On the Elizabeth Street side of Hyde Park, development is characterised by predominately commercial development, whilst development further to the east around Liverpool Street is characterised by high rise residential development. The site acts as a primary eastern gateway to the Sydney CBD with key view corridors to the site from William Street and Kings Cross to the east.

Subscribe to

Macquarie Park: Lachlan’s Line Grows 24 Storeys Taller

As part of the broader vision for Lachlan’s Line, a 24-storey residential development project has been approved at 3 Halifax Street in Macquarie Park….

Centuria’s Wetherill Park Gem: Redefining Industrial Standards

In the bustling heart of Wetherill Park’s established industrial precinct, a remarkable transformation is taking place….

Breaking Bureaucratic Gridlock to Build Rydalmere’s Future

The NSW Government has launched an ambitious plan to transform the long-vacant 19.4-hectare Rydalmere site into a vibrant mixed-use precinct, aiming to deliver about 2,300…

Talk to us

[email protected]

+61 416 618 244

Find us

Australia Square

Level 44, 264 George Street

Sydney NSW 2000

Mon-Fri: 9am – 5pm | Sat-Sun: Closed