Sydney’s Historic City Tattersalls Club set for modernisation
In a recent landmark decision handed down by the Central Sydney Planning Committee last year, Melbourne-based property developer ICD Property and project partner City Tattersalls Club have secured a Stage 1 Development Application Approval to develop the historic 125-year old Club’s premise building on a prime site located at 194-204 Pitt Street, Sydney.
The City Tattersalls Club redevelopment will involve revitalising the clubhouse with an exciting new mix of retail shops, dining and hospitality and health and wellness facilities. Critically, for the developer, envelope approval has been given to build above the clubhouse a new 49-storey tower containing a circa 100-room hotel and around 246 residences.
The Asian Executive spoke with Matthew Khoo, ICD Property Managing Director about this exciting break-through which comes after years of concerted effort.
TAE: The landmark decision handed down by the City of Sydney for the City Tattersalls Club has, in many ways, been a real break-through after many years of effort.
MK: Certainly. ICD with our JV partners, the City Tattersalls Club, have doggedly pursued a development outcome for the better part of four years with its fair share of hurdles along the way. Having kept the faith as a group it means a lot now to see we are on a pathway to securing the future viability of the 125 year old member’s club as well as rejuvenating Sydney CBD’s rich historical fabric and establishing a landmark building for many years to come.
TAE: What were the critical points of contention for the planning process for the City Tattersalls Club?
MK: Given the proximity to Pitt Street mall and the nature and extent of history and heritage components within the existing structure; traffic and heritage considerations were naturally the key sticking points and
more contentious than most sites in Sydney. We addressed these concerns by investing a tremendous amount of resources and time to hire the best consultants in these respective fields and workshopped collaboratively with Council and referral authorities until the solutions were satisfactory; and this is reflected in the supportive nature and commentary of the Council Officer’s report.
TAE: What was a turning point for the planning process for the City Tattersalls Club?
MK: We adopted a more collaborative, empathetic approach working with the City of Sydney. Pivotal to this was securing an architect that understood the priorities of City of Sydney Planning department well and was well trusted by the Officers, which led us to appoint architectural firm, FJMT. Workshopping and open dialogue with both City of Sydney Planning Officers and referral authorities (Transport NSW and Sydney Metro) enabled us to understand their priorities and align our aspirations of the site and the precinct with theirs resulting in strong support by the City Planning Officers for approval.
TAE: What does this recent decision mean in terms of the development process moving forward:
MK: The Central Sydney Planning Committee has now approved the first stage of a two-stage planning process for the City Tattersalls Club. The critical first stage approval defines the building envelope we are permitted to develop. Stage 2 is the exciting part involving an international design competition. We will invite six prestigious architects to compete with each other to submit a design for the site. In order to elicit the most inspirational possible outcome that can be achieved for this wonderful heritage site, a meticulous and highly creative process of discovery is likely to take us through most of 2020.
TAE: With all that is involved for the City Tattersalls Club, can this project still be profitable at the end of the day?
MK: All our projects have to satisfy multiple criteria. Yes, the City Tattersalls Club has to be financially viable – that goes without saying. Importantly, we at ICD Property must have a sense that each project will have a positive, significant and lasting impact on the city. We accept that notion that nothing worthwhile comes without challenge.
TAE: Congratulations on a stunning outcome for your company.
MK: Thank you.