Located within Sydney CBD’s mid-town precinct, the site has an irregular footprint and an area of 6091 square metres. It is bound by Liverpool, Castlereagh and Pitt Streets.

Currently, the site accommodates the following existing buildings:

• a high-rise commercial tower at 338 Pitt Street,
• three 2-storey terrace-style buildings at 126 – 130 Liverpool Street,
• a high-rise commercial tower at 324 Pitt Street and 233 Castlereagh Street,
• a 6-storey commercial building at 326 Pitt Street, and
• 3 multi-storey commercial buildings at 245 – 253 Castlereagh Street.

The scale of these buildings are inconsistent with the B8 Metropolitan Centre zone in that they do not provide an intensity of land uses commensurate with the global status of Sydney. Dungate Lane is dominated by waste services and is an unsafe and uninviting public space. In addition, there is a shortage of high-quality accommodation in the Sydney CBD, as identified in the Visitor Accommodation Action Plan 2015.

338 Pitt Street offers a unique opportunity for the holistic redevelopment of a significant city block within the Sydney CBD. It aims to act as a catalyst project to promote the revitalisation of the mid-town precinct, particularly the urban context of Pitt, Castlereagh and Liverpool streets.

The delivery of innovative tower forms and their contribution to the Sydney CBD skyline will also capitalise on the abundant solar access for potential residential apartments, while managing overshadowing impacts on significant public places in the vicinity of the site.

The project will complement recently approved large mixed-use sites within vicinity of the site, with the precinct well and truly on its way to becoming a real mixed-use neighbourhood.