Construction firm Lendlease has received development approval for a new A$1.2bn ($838m) commercial office tower at Victoria Cross metro station in Sydney, Australia.
The 42-storey office project is among the first to be approved in the NSW Government’s third tranche of projects under the Planning System Acceleration Programme.
Lendlease development managing director Matthew Mears said: “The approval of the Victoria Cross tower signals an important milestone for the larger Victoria Cross development, which is in line with Lendlease’s strategy to deliver and support infrastructure projects that create better social and economic outcomes.”
Covering an area of 56,000m², the new tower will accommodate up to 7,000 office workers, offering high-quality office and retail space.
The Victoria Cross integrated station project, comprising the metro station and over station development, will include two station entrances including a northern entrance and a southern entrance.
It will also include station concourse and platforms beneath Miller Street as well as a sustainable commercial and retail hub in North Sydney.
The project will involve the improvement to the pedestrian ways surrounding the station, as well as the development of the new bike parking at the northern entrance, and new kiss and ride bays on McLaren Street.
The building has been designed as per the Property Council of Australia’s premium-grade office building guidelines.
A retail-activated laneway will be developed to offer convenience and amenity to tenants and the community.
Mears added: “Lendlease looks forward to working in partnership with the NSW Government, Sydney Metro and North Sydney City Council to deliver the next phase of our shared vision for a vibrant, connected North Sydney.
“Now more than ever it’s vital we continue to deliver projects that create employment opportunities and contribute to rebuilding the economy.”
Construction on the project will start in early 2021 and will last for three years. The project is expected to create several on-site construction jobs across the life of the project.
The new tower will accommodate up to 7,000 office workers. (Credit: Lendlease Corporation)