$150M Development Proposal To Expand Four Points Sheraton Hotel Lodged

Source: Cox 
A major project application has been lodged with the NSW Planning Department to expand the Four Points By Sheraton Hotel at 161 Sussex Street Sydney. The redevelopment includes construction of a 25 storey tower, comprising hotel rooms and commercial floorspace and function space.

The proposed redevelopment is possible because the current hotel does not utilise the full lease site.

The land is subject to a 99 year lease to May 2087 and currently has approximately 3,903 square metres of undeveloped site area. The existing hotel structure only occupies some 60% of the site.

There are large areas over the Western Distributor and above the Slip Road zone that while they are
 within the site boundary, have not been development.


Development Opportunities- Source: Cox

The proposal is currently on public exhibition until 10 October and comprises:

• 231 rooms in a new 25 storey tower at the southern end of the site
• A new structure over the Western Distributor for expanded meeting and banquet facilities
• Upgrade to porte cochere and building entry on Sussex Street
• Expanded entry for event facilities on Sussex Street
• Upgrade retail frontages on Sussex Street

The proposed development has been declared State Significant Development (SSD) as it has a capital investment value estimated at $148.5 million and is located in the Darling Harbour State Significant Site precinct.

The Environmental Assessment prepared by JBA argues that the redevelopment of the Four Points By Sheraton Hotel has been proposed to respond to the current demand for hotel accommodation in Sydney. “It has been determined that there will be no adverse environmental impacts and that the potential impacts are able to be managed through the proposed mitigation measures” the reports concludes.

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Source Reference: http://blog.blockbrief.com/150m-development-proposal-to-expand-four-points-sheraton-hotel-lodged/

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