residential tower

PHOTO: Renders of the Mirvac/Coombes Property tower at 505 George Street, Sydney designed by architects Ingenhoven and Architectus.

Sydney is set to get its tallest ever residential tower after a $1 billion plan by Mirvac and Coombes Property to develop the George Street site was given the green light.

The 270-metre tower which will rise up 80-storeys, with 507 apartments was approved by the City of Sydney council on Thursday night and will be the latest piece of the revitalisation of the mid-town CBD precinct. Monthly Property Update – May 2020

Having gone through a long planning process, development will start soon and eventually link George and King Streets in the southern end of the city, adjacent to the Sydney Town Hall.

It will offer luxury serviced suites and a rooftop restaurant and bar, while the podium will comprise a boutique cinema, retail, conferencing facilities, a childcare centre and a meeting room facility for the City of Sydney Council.

It will be next door to the ASX-listed hospitality giant Event Hospitality and Entertainment’s planned $225 million apartment and hotel tower, at 525 George Street.

Mirvac is managing the project on behalf of Coombes Property Group, with architects Ingenhoven and Architectus selected following an international design competition.