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Hosp... City Tatts gives Pitt Street a makeover with new hotel, flats and restaurants

City Tatts gives Pitt Street a makeover with new hotel, flats and restaurants

The traditional retail fortress of Pitt Street is to get a make over with a new 100 room hotel, more than 200 apartments and restaurants and a new City Tattersalls Club.

  Artist impression of the redevelopment of the City Tattersalls Club at 194 pitt street, image supplied. Carolyn Cummins Commercial Property Editor Sydney Morning Herald 9282 2247 Indicative Development Option View From Pitt Street Looking North.jpg
An artist's impression of the redevelopment of the City Tattersalls Club at 194 Pitt Street.

 
   

Following years of discussions, the 100-year old club has appointed Mirvac Group to develop the air space above the existing club, as well as new facilities for its 17,000 members.

The move comes as at least seven new residential projects are slated across the city, from the Greenland proposal on the site of the former Sydney Water Board at 115 Bathurst Street to the former Coca-Cola Amatil property in the heart of Circular Quay.

David Jones has also said it is looking at the possibility of developing the air rights above its Market Street store into apartments.

No value has been disclosed, but other similar developments in the city, such as the Fife Capital project at 383 George Street, are valued at about $110 million.

According to the City of Sydney, almost 34,000 people will live in the city by 2030.

Under the City Tattersalls Club’s plan, the three heritage-listed buildings owned by the club at 194-200 Pitt Street, would be consolidated with their facades kept. The tower would use the air space that the club also owns.

Member vote

City Tattersalls chairman Patrick Campion said the next stage will be seeking member approval for the redevelopment proposal.

‘‘We are working closely with members to inform them about the proposal and next stages of the process,” Mr Campion said.

Members will vote on the plan in July next year.

The indicative development proposal comprises a 48-floor building with mixed use potential, including upgraded member’s facilities from basement to Level 7 covering 10,000 square metres and ownership of a 100-room hotel from Levels 8-13 offering 4 star quality rooms. The proposed development also includes individual and private apartments over 34 floors and a fine-dining terraced restaurant on Level 7.

Tony Guilfoyle, Chief Executive Officer, City Tattersalls Club, said, the objective was to reduce the club’s financial dependence on gaming by providing an array of new facilities and services for existing and new members.

‘‘We expect the new offerings will attract local, interstate and international members to the club, helping to secure the club’s future. Importantly, the indicative development proposal unleashes the potential of the club’s under-utilised airspace while retaining our heritage buildings,” he said.

 
 
 
Source: The Sydney Morning Herald, 11 December 2013
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