The approved proposal of the 125-year club at 194-204 Pitt Street in the heart of Sydney’s CBD comprises a 49-storey mixed-use tower with a 100-room hotel and 246 residential apartment units above it. The envelope approval also includes the renovation of the club house, including restaurants, retail, a combined hotel and club reception on the ground floor, as well as an event space, a premium coworking centre, health & wellbeing facilities and member facilities.
ICD Property Managing Director, Matthew Khoo, said that the team is excited that the redevelopment of the City Tattersalls Club will form part of the city’s growth, together with the upcoming redevelopment of neighbouring David Jones site by Scentre Group and CBUS and the new tram network on George Street: “Not only will our work breathe life back into this site, but we hope that it will contribute heavily to the surrounding CBD streetscape.”
ICD Property has been collaborating with the City Tattersalls Club and the City of Sydney during the concept development process. First Sponsor Group will have an equity partnership in the redevelopment and will be the sole construction financier, funding the delivery of the project.
City Tattersalls Club Chairman Patrick Campion is excited about the redevelopment of the club: “The City Tattersalls Club has been part of Sydney’s streetscape and history for almost 125 years. First Sponsor’s involvement with their extensive experience and finance capabilities, is a vote of confidence to securing the club’s next 125 years.”
First Sponsor’s Group CEO Neo Teck Pheng said that First Sponsor is excited and honoured to have the opportunity to work on this unique development with ICD Property and the City Tattersalls Club, and that the group looks forward to more collaboration opportunities in the future.
First Sponsor and ICD Property are preparing for a design competition process commencing in 2020. Submission of a Stage 2 Development Application will follow soon after.
Cover Image: Preliminary designs indicate that heritage elements on the façade will be retained upon redevelopment of the City Tattersalls Club. (Image: ICD Property)