Australia’s first Waldorf Astoria to loom large over Circular Quay
Mitsubishi Estate Asia and Lendlease have acquired a 4,000 sqm site on Alfred Street in Circular Quay Sydney where Australia’s first Waldorf Astoria will be featured.
The site, which was formerly owned by Chinese Communist Party influence agent Huang Xiangmo, was destroyed four years ago by fire.
It has laid dormant ever since.
The site was acquired by Mitsubishi and Lendlease for $800 million and will soon be transformed into the $3 billion precinct that will have a 59-storey tower designed by the late Kerry Hill and a second tower that will house the 220-room Waldorf Astoria, designed by Kengo Kuma & Associates.
“One Circular Quay will undoubtedly become one of the most desired addresses to live and stay in the world, once again elevating Sydney’s real estate market on the global stage and further building off the sales momentum of nearby One Sydney Harbour,” Tom Mackellar, Managing Director Development, Lendlease Australia, said.
“With uninterrupted views of the Sydney Harbour Bridge and Sydney Opera House, a development of this standard, in this location, is an incredible opportunity and we look forward to bringing this iconic development to market.”
Mitsubishi Estate Asia is also looking forward to expanding its footprint, with the company’s head of Australia, Yuzu Nishiyama, calling it an opportune location.
“We are truly excited to be a part of such an iconic project for Sydney and look forward to expanding our relationship with Lendlease as we work together to deliver One Circular Quay.”
Irit Jackson, 20th July 2022
