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Discussion Starter · #1 ·
Coombes group raises curtain on cinema development
KYLAR LOUSSIKIAN THE AUSTRALIAN MAY 15, 2014 12:00AM

THE private Coombes Property Group is poised to develop its George Street cinema site, joining a slew of high-rise residential developments in central Sydney.

The company is in talks with City of Sydney planners with a view to launching one of the city’s tallest towers, with reports that the proposal could rival the nearby 66-storey Greenland Centre.

Coombes bought the George Street cinema site from the listed Challenger Financial Services Group in 2009 for $85 million and the area has since surged as apartment developers target the southern end of the central business district. Industry sources speculated that the proposed building could be up to 235m tall, with 600 apartments, putting it in the same ballpark as the Greenland Centre on nearby Bathurst Street.

China’s state-owned Greenland tower on the old Sydney Water Board building will be 235m high with 470 apartments when complete in 2017.

Greenland has had two releases, selling out the 370 apartments offered to date, and will soon release the top units for sale.

More than 5000 apartments are proposed in Sydney’s CBD, according to Deep End Services principal Kevin Stanley, although only 500 are under construction. “What we’re finding about this cycle is that there is a lot more proposed than are being built, and it remains to be seen if they will be built,” he said.

Mr Stanley said the bulk of the proposed apartments were in the middle to upper price range of the market. “That’s pretty safe territory, but it’s important that developers’ price expectations don’t rise too high. That was the issue that cropped up in the Gold Coast, and there wasn’t the market for it.”

Other high-rise developments in Sydney include the $400m conversion of the Sir Stamford at Circular Quay into apartments.

A nearby development by AMP Capital and Mirvac Group, 71 Macquarie Street, is already taking registrations for apartments.

Even the city’s best office towers are being targeted. Dexus and Perron Group have fielded interest from developers wanting to convert the landmark 201 Elizabeth Street.

However, interest in GDI Property Group’s 233 Castle*reagh Street from a Chinese investment group is thought to have cooled.

Singapore’s GIC Real Estate is also cashing in with plans to sell 175 Liverpool Street, considered one of the city’s best residential conversion plays.

http://www.theaustralian.com.au/bus...ema-development/story-fnko7zi0-1226918043501#
 

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Time to think of a name to rival the Chifley Talls Club
 

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great news. finally developing the prime hoyts site. better then 2x 150m towers. yew
but not happy with 233castelreagh st, how its "cooled" . that too will be a 235m giant
 

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Why cannot they go for two towers at the height limit? I think given the size of the site, you need two towers to maximise the use of the land.

Chris Johnson might agree with me on that.
 

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nah that would look silly. fsr would only allow 600units.1 slim tower setback on kent st. to allow sun into police courts.the tower on kent would get good views and wouldnt impact on george st.
 

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I'd say they have already been pushing their luck to get the one tall tower. Pushing for 2 would send planners into a possibly terminal decline and sabotage the whole plan.

It certainly is provincial thinking, but I'm pretty sure most of us, and quite a few others out in the real world, consider CofS planning ideas & ambitions barely provincial & more small town villager thinking.
 

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not really the place to have 2x 235m on one site. Its perfect for 1 tower setback on kent st.the other 235m is nearby greenland Tower to northeast. then 230m world tower to immediate sth/east and a potential 235m tower opposite over on 233 pitts st. so thats 4,x 230m+_ towers within 1 city block.!
 

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Discussion Starter · #10 ·
If we think positively for a moment;
- Greenland Centre (236m)
- 505 George (235m)
- 570 George (235m)
- 233 Castlereagh (235m)
- World Tower (230m)
- Ernst & Young Centre (222m)

That's potentially six x 220m+ towers south of Town Hall. Would be a tall cluster to rival the Chifleys in their own right.
 

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i hope this gets built and sooner the better.
will really help lift this part of george st and encourage further tallies to the south

The view looking up will change:) ... google street view

 

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actually that view will stay same , the tower sits back 30m from george street.which is nearly as far back as Lumieres west face.
 

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not really the place to have 2x 235m on one site. Its perfect for 1 tower setback on kent st.the other 235m is nearby greenland Tower to northeast. then 230m world tower to immediate sth/east and a potential 235m tower opposite over on 233 pitts st. so thats 4,x 230m+_ towers within 1 city block.!
And they're not fantasy proposals either! :smug:



.
 

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heres the proposal from 1990
it was office tower 186m high with feature.(210m)
horrible
the building to the right was original DCM proposal for Lumiere site. It was 160m .
 

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this view is set to change dramatically ;)
 
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