City Tattersalls Club proposes 48-level Pitt Street Sydney mixed use redevelopment

The City Tattersalls Club in Sydney has proposed a 48-floor building with mixed used potential for the Pitt Street location.

The redevelopment is part of a plan to change the clubs business model, reducing the financial dependence on gaming.

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The development would include upgraded member facilities, commercial tenants, hotel rooms and 32 floors of designer residential apartments.

“A redevelopment would enhance the member experience providing an array of new facilities and services including a new state-of-the-art fitness centre, top rating day spa, restaurants and hotel rooms,” says City Tattersalls Club chairman Patrick Campion.

“By broadening the club’s offerings we hope to be able to improve facilities for present members and attract a new group of members from the surrounding business district, the broader Sydney community and international visitors – helping to secure the club’s future for another 100 years,” says Campion.

Dating back to 1895, the 2,339-square-metre site currently houses three heritage listed buildings.

City Tattersalls Club CEO Tony Guilfoyle says the development will utilise the unused airspace, providing expansive views and the possibility of a restaurant on floors 47 or 48.

Jon Chomley of Colliers International says the supply of residential apartments in the city has been dwindling.

“Between January 2010 and May 2013, there were 2,577 new and established apartment transactions above $200,00 within the Sydney CBD, however sales volumes have been dwindling on an annual basis, with the most significant decline of 21% occurring during 2012,” says Chomley.

“If the trend reported in the first five months of 2013 continues, sale transactions are expected to be even lower this year.

“We believe the timing is right for a new supply of residential apartments in the heart of Sydney,” says Chomley.

Colliers International will run an expression of interest campaign from September 3 to attract a developer.

Nicola Trotman

Nicola Trotman

With a penchant for the written word, Nicola has built a career doing just this – now Creative Director at thriving Melbourne-based PR agency, Greenpoint Media.

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