WESTFIELD has unveiled the first stage of the $1.2 billion Westfield Sydney redevelopment project, six months ahead of schedule.
This marks the reopening of Pitt St Mall after two years of construction which boasts 130 new fashion and food specialty stores.
A further 120 stores will open between November 2010 and late-2011. The opening of a 25-storey commercial tower at 85 Castlereagh Street will mark the completion of the total project, anticipated to be in early 2012.
The precinct integrates three former retail centres; Centrepoint, Imperial Arcade and Skygarden and also incorporates Sydney Tower and the former Sydney Central Plaza totalling 92,000 sqm of retail space across all sites.
The office component will comprise around 76,500 sqm across three buildings.
85 Castlereagh St with an area of 33,000 sqm will house the Australian headquarters of J.P. Morgan, whilst the 30,000 sqm tower at 100 Market St is now home to the Australian Securities and Investments Commission. A third tower at 77 Castlereagh St has 13,500 sqm of commercial space.
The completed project encompasses six inter-connected buildings totaling 168,500 sqm of gross lettable area.
Australian Property Journal
