Three engineered timber office towers worth AU$173 million (US$ 128 million) have been approved for a site in Sydney’s Lower North Shore.
The eight, 12- and 18-story towers proposed by Arrow Capital Partners and designed by Fitzpatrick+partners will be built on the 7,636 square meter corner block at 29-57 Christie Street in St Leonards.
Arrow, Pindan Capital and US investment firm Starwood purchased the St Leonards Commons block off-market in 2018 for AU$160 million (US$117 million).
The development is expected to be one of Australia’s largest engineered timber developments made of cross-laminated timber with key components, such as the columns, assembled rather than constructed on site.
It joins a growing number of timber towers in Sydney, including Atlassian’s 40-story project next to central station and Lendlease’s 30 meter-high Daramu House development at Barangaroo.
Once completed, the project would deliver a combined 60,000 square meters of commercial space in the podium with office space above. It also includes external terraces, green roof spaces, and sky bridges, as well as the extension of an existing park by Arcadia Landscape Architecture.
The first stage of the development involves demolition of the southern half of the site. The second stage of the development involves adapting the existing building on the northern half of the block into an 18-story building. Construction is expected to start in 2022.
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