Sydneysiders have largely shied away from living in the city’s centre but one part of the CBD may soon be exclusively residential, according to a local real estate agent, as thousands of new apartments are slated for the coming years.
In mid-July, Lendlease acquired 175 Liverpool Street for a $2.6 billion luxury residential project with 300 apartments opposite Hyde Park, an area finding favour among north shore downsizers and wealthy expats.
A 55-storey apartment complex and hotel at 201 Elizabeth Street, on the corner of Park Street, has recently passed the City of Sydney’s planning committee, and plans for a “twin towers” mixed-use residential project with 600 apartments at 338 Pitt Street are afoot, after developer Billbergia purchased the site with a lender in January.
Meanwhile, Cb