Property giants Mirvac have launched $1 billion plans for a new boutique apartment complex at the former home of Nine Network’s headquarters on Sydney’s Lower North Shore.
After purchasing the site back in February for $249 million, Mirvac have officially lodged plans with Willoughby Council for a set of high-quality apartments that they hope will unlock the prized Sydney area.
Architects CHROFI have developed the competition-winning design for the project, on Artarmon Road, which aims to create a healthy and connected living environment.
The development includes luxury one, two and three-bedroom apartments and over 6,000 sqm of public spaces to be enjoyed by the local community.
Mirvac Head of Residential Stuart Penklis said: “This is the type of redevelopment opportunity that plays to Mirvac strengths, with our expertise across a range of disciplines, from architecture and urban design, to development and construction, marketing and sales.”
Mirvac’s proposal includes plans to demolish the site’s 233-metre transmission tower and replace it with a boutique residential building which embraces impressive views of Sydney.
The hilltop site at Willoughby has been closed to the public for more than 60 years and by unlocking it we have a rare opportunity to create something of enduring value not only for those who will live there but the wider community.Stuart Penklis, Mirvac Head of Residential
CHROFI director, Tai Ropiha, said: “The aim of the project design has always been to realise new public spaces that contribute value to the local community while at the same time, settling the architecture carefully into this well-established neighbourhood.”
“The key feature will be the public domain which showcases the unique natural qualities of Sydney’s Lower North Shore landscape to make a variety of spaces in which to recreate, socialise and come together as a community,” he said.
Demolition of the site is scheduled to begin towards the end of the year, with a sales launch set for mid-2021.