Sydney development site sale – realestatesource

PLANS to develop a $291 million office, retail and hotel development in central North Sydney, have been given the green tick by the New South Wales government.

Planning Minister Tony Kelly approved the controversial project after the height was reduced.

The site, on the corner of Walker and Berry streets, will see a 32-level commercial tower rise at 77 – 81 Berry Street, and a 33-level, 200-room hotel, open at 88 Walker Street.

The developer Eastmark Holdings, headed by Jin Yong Park, had originally planned to develop a 37-level office.

New South Wales

FKP Buys Sydney’s Eye and Ear Hospital Site

May 26, 2010 Marc Pallisco FKP, Sydney development site sale, Woolloomooloo

FKP Property Group has purchased Sydney’s eye hospital site in the inner-city suburb of Woolloomooloo, for an as yet undisclosed amount.

FKP executive general manager Evian Delfabro confirmed the purchase of the site from the Tieck family which paid $15 million in 2002.

The 1986 square metre site on Sir John Young Crescent was reported to have been worth about $25.5 million in 2008.