Renowned worldwide for its breathtaking harbour and the iconic Opera House, Sydney is on the brink of a significant transformation of its skyline by 2030. One of the most promising developments contributing to this transformation is the 50-52 Phillip Street project, a high-end hotel and residences initiative.
The proposed developers are Built and Irongate Group, this ambitious project will add a new landmark to Sydney’s skyline. The development aims to amalgamate and redevelop two existing buildings: the NSW-government-owned 50 Phillip Street, which was formerly occupied by the Department of Planning, Industry and Environment, and the neighbouring 14-storey Kusu House at 52 Phillip Street, which was purchased and refurbished by Built in 2017. The 49-level structure will tower at a height of 186 metres, offering remarkable views of the city and harbour.
This development will not only contribute to Sydney’s cityscape but also add significant value to its luxury real estate market. The project will feature 16 high-end hotel branded residences, a rooftop pool, spa, and wellness centre. These amenities are designed to offer residents and guests a unique blend of comfort and luxury, enhancing the overall living experience in Sydney’s bustling central business district. The development is a mixed-use project, combining residential, commercial, and hospitality elements.
The following table summarises some key facts about the development:
50-52 Phillip Street Development Proposal Details
|50-52 Phillip Street
|50-52 Phillip Street, Sydney, NSW 2000
|Number of Building Storeys
|Number of Apartments
|Built, Irongate Group
|To be confirmed
|To be confirmed
|Potential Project Start Date Pending Approval
|To be confirmed
The 50-52 Phillip Street development is advantageously located, offering excellent accessibility. It is only a short 10-minute walk to the Sydney Opera House and a 5-minute walk to the Royal Botanic Gardens, providing residents and visitors with easy access to Sydney’s cultural and natural attractions. The development is also conveniently close to major transport hubs. Circular Quay, a significant ferry, train and bus interchange, is a brief 5-minute walk away. This allows for easy travel to other parts of Sydney, including the major centres of Chatswood and Parramatta.
In terms of related developments, the 50-52 Phillip Street project is part of a larger wave of infrastructural transformation in Sydney. For instance, the Atlassian Tower, a $1 billion-plus project developed by Dexus and Atlassian, is set to become the tallest hybrid timber tower ever built. Located next to the recently redeveloped Central Walk in Central Station on the other side of the city, it’s part of Sydney’s Tech Central precinct and slated for completion in 2025.
Meanwhile, closer to the site, the approved redevelopment of Sydney’s City Tattersalls Club on Pitt Street, complete with a 50-storey hotel and residential tower that will rise to 165 metres, is set to begin soon and is expected to complete in 2025. Another nearby development is the recently completed Sixty Martin Place at 60 Martin Place, which stands at 137 metre’s and features an innovative cantilevered design.
The 50-52 Phillip Street development is a testament to Sydney’s ambitious plans for its skyline and its status as a global city. It’s a project that encapsulates the city’s drive to create a built environment that enhances its appeal, both locally and internationally. More details can be read on the development at the NSW major projects 50-52 Phillip St tower on it’s website. Its successful completion will undoubtedly contribute significantly to Sydney’s reputation as a hub for luxury living and high-end real estate.