Arrow Capital Partners and Starwood Capital Group have received approval for their office towers project at St Leonards in Sydney.
The Sydney North Planning Panel has approved the development application for a new development comprising ~60,000sqm at 29-57 Christie Street, St Leonards in Sydney’s Lower North Shore.
The property is on a 7,636 square metre site and currently includes two separate buildings, a 7 storey office building and a 2-storey building which incorporates a gymnasium, childcare centre and café.
The design for the new development, aggregating about 60,000sqm, includes three building envelopes, and approval has been given to:
• a detailed development application to demolish the 2-storey building and construct two commercial buildings of 8 and 12 storeys, alterations to the underground car park, landscaping and public domain works; and
• a concept development application for an 18-storey building envelope on the site of the existing 7 storey office building.
“The site is a significant landholding in a strategic location on the lower north shore of Sydney. We are very pleased to achieve this major milestone in the planning approval process and would like to thank our project team for their hard work and professionalism,” said Kurt Wilkinson, Partner at Arrow Capital Partners.
The property is located in the St Leonards Precinct, an area that is undergoing extensive change as part of the Greater Sydney Region Plan to revitalise the precinct.
The development will benefit from the future Crows Nest Metro Station which will provide a five-minute travel time to Barangaroo once complete.
The Sydney North Planning Panel determination noted that the development will improve pedestrian access and enable better connectivity throughout the precinct to both the St Leonards Station and the future Crows Nest Metro Station.
The Panel also noted the design would facilitate a better planning outcome that aligns with the planned growth for the site under the Greater Sydney Region Plan, North District Plan and 2036 Plan.
Arrow Capital Partners worked with Fitzpatrick + Partners, Arcadia Landscape Architecture and Urbis to prepare the development application.
29-57 Christie Street, St Leonards is owned in joint venture by Arrow Capital Partners and Starwood Capital Group.