$800M Sydney development set to launch to market this month

First Sponsor and ICD Property are set to launch Sydney House later this month, an $800 million mixed-use tower at 194-204 Pitt Street in the heart of the CBD.

Purchasers will soon be invited to ‘live the high life’ in what may become Sydney’s most beautifully conceived and bespoke CBD residences – offering rare northeast-facing views across the sparkling Sydney Harbour and Hyde Park, all positioned above a luxury hotel with exclusive access to premium amenities and five-star lifestyle services.

Elegantly designed by internationally acclaimed architects, BVN Architecture (for the tower as well as the residential and hotel interiors), in collaboration with FJC Studio (for the heritage podium), the project includes 241 premium residences atop a 135-room luxury hotel.

Sydney House is pitched to become one of Sydney’s most desirable addresses.

First Sponsor’s CEO, Neo Teck Pheng, together with ICD Property’s CEO, Matthew Khoo, commented that the joint venture team was ecstatic to bring this extraordinary project to market as the first opportunity for those looking to secure their ultimate CBD luxury residence elevated by premium hotel amenities, including select premium services designed for effortless living.

“Sydney House will offer a sophisticated expression of modern CBD living, capturing panoramic vistas to Sydney’s most beloved icons, including the Sydney Harbour Bridge as well as Hyde Park out to the North and South Heads,” Matthew said. 

The development will beautifully restore the former City Tattersalls Club’s site, owned by a consortium led by First Sponsor. Neo expressed that the reinterpretation of the heritage podium levels will feature an elegant heritage bar and restaurant, along with luxurious hotel and function facilities, enhancing the experience for residents. 

The historical features will be reborn, ensuring that these grand, opulent spaces will once again be enjoyed, appreciated, and celebrated by residents, Sydneysiders, as well as interstate and international visitors alike.

Managing sales for the project, SRM residential partner Tim Rees commented that the team has received an overwhelming response to date, largely from local downsizers and upgraders looking for the ultimate lifestyle purchase.

“Once completed in late 2027, Sydney House will be Sydney CBD’s newest icon, blending modern architecture with historic grandeur located in one of the most prestigious enclaves of the CBD,” Tim said.

“Pitt Street is arguably the most significant street in all of Sydney. Just a stone’s throw from Circular Quay, Sydney Opera House, Hyde Park, and Darling Harbour, Sydney House offers seamless connection with the CBD and beyond.

"Pitt Street Mall is literally across the road and there is an abundance of dining and cultural venues in close proximity. 

"The outlook from Sydney House will be breathtaking with views of Hyde Park and Sydney’s famous iconic landmarks on offer.

“Following the trend of other global cities such as New York, London, Paris, and Tokyo, luxury inner city apartment living with access to premium hotel amenities is the new ‘trophy home’ for wealthy downsizers or empty-nesters who aren’t looking to slow down, as they want to live in the heart of the action.”

The project boasts a prime CBD location surrounded by the city’s most premium shopping centres including David Jones and Westfield Pitt Street as well as luxury designer brands; Prada, Miu Miu, Van Cleef & Arpels, Dior, Bally, Hublot, Hugo Boss, Breitling, Tiffany’s, Rolex, Fendi, Hermes, Chanel, Bvlgari, TAG Heuer, Louis Vuitton, and Cartier, among others. 

Sydney’s finest array of sophisticated dining, bars, pubs, theatres, museums, art galleries, and entertainment venues are also within minutes' walk of the premium project, as well as Hyde Park, the Botanic Gardens, The Domain, Circular Quay, and Sydney Harbour.

Residents will be able to access the newly opened Sydney Metro Gadigal Station, located within a block of Sydney House. This station provides connectivity to Martin Place (1 min), Barangaroo (3 mins), and North Sydney (11 mins) as well as Chatswood and Macquarie University through to Castle Hill and Norwest. With services every four minutes during peak times, the Sydney Metro provides the ultimate convenience with 21 stations from Tallawong to Sydenham.

One of Sydney’s leading residential construction companies, particularly in premium off-the-plan luxury residences, Richard Crookes Constructions, will complete the project in late 2027.

Price guides at Sydney House include one-bedroom apartments from $1.5 million, two-bedroom apartments from $2.3 million, and three-bedroom apartments from $5 million.

Private Appointments in the display gallery commence Saturday, 6th September.

For more information or to enquire about Sydney House, click here.

For more off-the-plan apartments and market insights, click here.