Since 2012, a total of 13 residential and mixed-use developments have been approved in the CBD, according to Council. Already, eight of these projects have been delivered, the latest being the 20-storey Crown tower on the Pacific Highway.
Two new skyscrapers, a $200 million 44-level tower at 100 Mount Street and another 30-storey commercial tower on Denison Street, are also planned for the CBD, along with two hotels, two serviced apartment buildings and a fourth supermarket.
Council says the wave of new developments are delivering “an increasingly diverse offering in the CBD far beyond purely commercial projects”.
“The North Sydney CBD has already been voted one of the best places to live in Sydney, with beautiful parks, a great variety of cafes and restaurants, and fast and easily accessible transport links,” Mayor Jilly Gibson explained.
“Now, commercial and residential developers view North Sydney as the destination of choice. Just like the classic fairy-tale Sleeping Beauty, North Sydney has awoken from a very deep slumber and is feeling refreshed and energised and ready to be a leading force in Sydney’s future.”
Council’s Director City Strategy, Joseph Hill, says the new developments are addressing an immediate demand for premium commercial stock and residential units in North Sydney.
“These new A-grade buildings create appealing office spaces for businesses to move into, where they will be surrounded by a dynamic, vibrant and well connected centre,” he said.
“The residential community continues to build on the back of the mixed use offerings on the fringe of the CBD, notably in a North Sydney suburb that was voted as the seventh most liveable suburb in NSW last year.”
The Ward Street Masterplan will create new public space in the northern end of the city centre and includes a mix of residential, commercial and community land use.
Brett Whiteley Place has also undergone a multi-million redesign, with a new amphitheatre and events space and contemporary lighting, which Council says will enhance the local night-time economy.
