Tall & Urban News

Melbourne-developer ICD Property is planning its next major project, a 56-story tower in Sydney to take advantage of the city’s new business district.

The AU$157-million (US$113-million) joint-venture project with Belingbak comprises 304 hotel rooms, 28 apartments and ground floor retail for the site at 372-374 Pitt Street.

The tower is ICD’s second project in Sydney after the City Tattersalls Club redevelopment, also on Pitt Street.

The concept plans by Woods Bagot would be built across a 1,140-square-meter site, replacing three-story commercial terraces.

Belingbak, a new Sydney-based developer with projects in Surry Hills and Byron Bay, amalgamated six lots for the development.

For more on this story, go to The Urban Developer.