Australian real estate firm Mirvac Group and Coombes Property Group have secured planning permission for the proposed mixed-use, residential-led development in Sydney, Australia.
Standing 270m above ground, the 505 George St. project is set to become Sydney’s tallest residential tower upon completion. The development was approved by the Central Sydney Planning Committee of the City of Sydney.
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The project will feature 507 apartments, including luxury serviced suites and a rooftop restaurant and bar, while the podium includes a boutique cinema, retail, conferencing facilities, a childcare centre and a meeting room facility for the council.
The proposals will also include enhancing pedestrian connectivity at ground level by linking George Street and Kent Street, as well as improving the existing streetscape.
The project is being managed by Mirvac on behalf of Coombes Property Group, the landowner and developer of the project. After an international design competition, Ingenhoven and Architectus were chosen to be part of the project delivery team.
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When completed, 505 George Street aims to become Australia’s tallest residential tower to receive a 5 Star Green Star Design as well as As-Built rating from the Green Building Council of Australia.
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By GlobalDataMirvac head of residential Stuart Penklis said: “With its central location and visionary design, 505 George Street will incorporate world-leading sustainability features and the high-quality built form outcomes Mirvac is known for.
“With proven experience in delivering award-winning precincts that make a positive contribution to Australia’s urban landscape, Mirvac is ideally placed to once again reimagine city living with this transformational project.
“505 George Street is meticulously designed for the future. Residents will be able to live, work, shop and socialise, all within the precinct, recognising the desire of Sydneysiders for increasingly convenient lifestyles
“The premium apartments will reflect Mirvac’s commitment to delivering quality in every little detail, while the carefully curated retail mix will contribute to the city’s diverse amenity.
“The proposal also incorporates a childcare and meeting facility to be dedicated back to the community.”
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An Artist impression of the 505 George St. project. (Credit: Mirvac Group.)
