Historic City Tattersalls Club site gets a makeover

A makeover is coming to Sydney with the launch of Sydney House - a circa $800 million 50-storey mixed-use premium apartment and luxury hotel development, primely located at 196-204 Pitt Street.

The development is a joint venture spearheaded by Singapore-listed First Sponsor Group Limited, and leading Melbourne-based developer, ICD Property. Purchasers will soon be invited to ‘live the high life’ with residences positioned above a luxury hotel with seamless access to premium amenities and lifestyle services.

Designed by BVN Architecture (for the tower and interiors) and FJC Studio (for the heritage podium), the project includes 241 premium residences atop a 136-room hotel. 

First Sponsor Group’s CEO, Neo Teck Pheng, together with ICD Property CEO, Matthew Khoo commented that the joint venture team was ecstatic to bring Sydney House to market in 2025 as the first opportunity for those looking to secure their ultimate CBD luxury residence with the convenience of premium 24-hour hotel amenities.

“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 Group. Neo Teck Pheng 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 and spaces will be transformed, ensuring that the legacy is enjoyed by future generations.

CBRE Residential Projects Senior Director Tim Rees says that once completed in 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.

“Pitt Street is arguably the most significant street in all of Sydney. Just a stone’s throw from Circular Quay, The 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 venues in close proximity," Tim said. 

"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, which started years ago, luxury inner city apartment living with access to premium 24-hour 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 Pitt Street Station, located within a block from 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 has made significant headway into the project’s delivery. With construction commencing in early 2023, Sydney House is due for completion in 2027.

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