Stockland proposes North Sydney’s tallest office

The proposed 53-level office.

Stockland has applied to build a 53-level office – North Sydney’s tallest – on three Walker Street sites.

The proposal (impression, top) would rob the title from a nearby Billbergia commercial building and hotel set to rise 48 storeys when complete in 2022.

Winten Property Group has just finished the tower actually the suburb’s highest – 1 Denison St, which contains 61,600 sqm of workspace in 39 floors.

These developments are in a convenient part of the suburb – close to roads, bike tracks, the train station and both North Sydney and Milson Point ferries.

The Victoria Cross Metro station (where Lendlease was recently approved to construct a 42 level structure) is due to open in the vicinity in three years.

Stockland said it will wait out the precinct’s high office vacancy rate before starting construction; delivery is expected in about 2026.

The landlord estimates the end value of its proposed office will be $1.3 billion. It will spend c$500 million to build it (story continues below).

North Sydney’s tallest office

The skyscraper will replace three low rise commercial buildings at 110, 118 and 122 Walker St – two which Stockland acquired for $121m in 2019.

If approved the replacement Hassell tower will contain 64,000 sqm of Premium grade office area and a 4900 sqm multi-level podium which could make way for co-working space, a childcare complex, wellness centre or community facility.

An outdoor terrace will be built into the setback. The landlord is also promising “exceptional” end of trip facilities.

A development application for the near-2300 sqm amalgamation was lodged with North Sydney Council this week.

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Marc Pallisco

A former property analyst and journalist, Marc is the publisher of realestatesource.com.au.

Marc Pallisco