<ul><li>Opulent 1, 2 &amp; 3 bedroom residences in the historic heart of the CBD</li><li>Access to world-class amenity and sophisticated new hotel</li><li>Residences boast extraordinary views of Sydney Harbour</li><li>Architecture &amp; Interiors by world class team BVN and FJC</li><li>Developed by First Sponsor &amp; ICD Property</li><li>Construction underway with Richard Crookes Construction</li><li>Display Gallery Coming Soon</li></ul>Nestled within one of Sydney’s most iconic developments, Sydney House will be a wonder to behold. Opulent 1,2 &amp; 3 bedroom residences crown a modern and lavish hotel breathing new life into this meticulously restored historic Pitt Street site. Blending timeless heritage with modern elegance, these residences provide access to world-class amenity, a sophisticated hotel and a wealth of fine dining, shopping and entertainment just moments from your home. Sydney House soars into the clouds to stand tall as one of the city’s finest buildings. Boasting views to the heads and worldly Sydney Harbour. These residences feature elegant design and bespoke materials make living in your Sydney House home an enchanting experience. Rich textures create a warm and sophisticated atmosphere inside your new home. The very best in sourced materials including natural stone, timber, bronze, and brass combine to offer fine hotel-style embellishments. Wide open areas offer design elements that flow through from the stunning exterior façade. Sydney House offers an unparalleled luxury – all without leaving the address. Exclusive amenities caters for your everyday needs with private dining, lounge and terrace spaces thoughtfully designed promote relaxation and entertainment. The beauty of living above one of Sydney’s newest luxury hotels is having access to every service and indulgent that in-built hospitality affords. Register Now Display Gallery Coming Soon

Sydney House - 194-204 Pitt Street, Sydney

While the CBD defines the heart of Sydney, its character shifts from block to block.

Whether it's the harbourfront at Circular Quay with views of the Opera House and Harbour Bridge, or the southern end near Chinatown and Central Station, no two streets are the same. Each pocket offers something different—particularly for the growing number of people calling the city centre home.

The latest addition to Sydney’s new apartment pipeline is <a href="/new-apartments/sydney-house-194-204-pitt-street-sydney-nsw-2000">Sydney House</a>, a joint venture between First Sponsor and ICD Property. The project will redevelop the historic City Tattersalls building, a landmark site near the corner of Pitt and Market Streets since it was designed by architects Sherin and Hennessy and constructed in 1891 by Paddington builder Archibald Truehope.

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<a href="/new-apartments/sydney-house-194-204-pitt-street-sydney-nsw-2000">Sydney House</a> presents a new chapter for the location, with construction well advanced to create a 55-level mixed-use tower comprising 241 premium apartments positioned above a new 135-room boutique hotel. BVN Architecture has led the design of the tower, which will rise above the retained heritage podium. That podium, to be carefully restored by FJC Studio, will house a collection of high-end hospitality venues once complete.

<h2 data-end="1042" data-start="993">A central CBD location amid a precinct revival</h2>

<a href="/new-apartments/sydney-house-194-204-pitt-street-sydney-nsw-2000">Sydney House</a> is positioned in one of the city’s most walkable and connected locations, within minutes of major employment hubs, public transport, and retail landmarks including the Queen Victoria Building, Pitt Street Mall and the Strand Arcade.

Pitt Street Mall is consistently named in the top 10 most expensive retail strips in the world, further reinforcing the precinct's significance as a premier commercial and lifestyle destination in the Sydney CBD.

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The project is also situated just a few minutes’ walk from Gadigal Metro Station and Martin Place, placing residents within reach of the wider Sydney metro network, including Barangaroo and North Sydney.

The broader Pitt, King and Castlereagh Streets corridor is currently undergoing significant revitalisation, with improved public realm, increased pedestrian activity, and a shift toward mixed-use living and working. <a href="/new-apartments/sydney-house-194-204-pitt-street-sydney-nsw-2000">Sydney House</a> is set to be one of the few high-rise residential buildings delivered within this historic part of the city.

<h2 data-end="1874" data-start="1835">Amenity and culture at the doorstep</h2>

The development is surrounded by some of Sydney’s most prominent cultural and lifestyle institutions. Hyde Park, the Royal Botanic Gardens and Circular Quay are all within walking distance, along with major theatres, dining precincts and luxury retail brands.

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Residents will have direct access to some of the city’s most iconic streetscapes, as well as close proximity to key venues including the Sydney Opera House, Art Gallery of New South Wales and the State Theatre.

<h2 data-end="2405" data-start="2349">A building with dual purpose and long-term ownership</h2>

“We set out to create more than just a beautiful building - we envisioned a lifestyle,” said a spokesperson for First Sponsor and ICD Property.

“The <a href="/new-apartments/sydney-house-194-204-pitt-street-sydney-nsw-2000">Sydney House</a> vision is about delivering a building that provides a sanctuary in the heart of the Sydney CBD. Residents can choose to stay indoors and enjoy panoramic harbour views, dine within the building's restored lower bar, or stroll around the neighbourhood at their leisure. To us, <a href="/new-apartments/sydney-house-194-204-pitt-street-sydney-nsw-2000">Sydney House</a> exemplifies a lifestyle of convenient luxury.

"We hold in high regard this exceptional opportunity to bring&nbsp;<a href="/new-apartments/sydney-house-by-city-tattersalls-club-194-204-pitt-street-sydney">Sydney House</a>&nbsp;to fruition, in which we target to retain long-term ownership of the hotel and heritage podium. This enduring commitment not only reflects our confidence in the success of the development but also our deep pride in its legacy.”

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<a href="/new-apartments/sydney-house-194-204-pitt-street-sydney-nsw-2000">Sydney House</a> will deliver 241 residences—across one-, two- and three-bedroom layouts—positioned above a 135-room boutique hotel that will be owned and operated by First Sponsor. The hotel includes a restored heritage bar and restaurant space at street level, designed to activate the corner of Pitt and King Streets.

The project has been designed to provide hotel-style amenities to residents, with services such as concierge, wellness spaces and meeting rooms available throughout the lower podium and shared zones. This co-location model reflects a broader global trend of integrating branded residential living within luxury hospitality settings.

With construction underway, <a href="/new-apartments/sydney-house-194-204-pitt-street-sydney-nsw-2000">Sydney House</a> is expected to be completed in Q4 2027.

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“We set out to create more than just a beautiful building - we envisioned a lifestyle,” said a spokesperson for First Sponsor and ICD Property.

Joel Robinson

"More than just a beautiful building": How Sydney House aims to elevate its residents' lifestyle

Construction of the landmark <a href="/new-apartments/sydney-house-194-204-pitt-street-sydney-nsw-2000">Sydney House</a> mixed-use development, a joint venture spearheaded by <a href="/developers/first-sponsor">First Sponsor</a> and <a href="/developers/icd-property">ICD Property</a>, is forging ahead and moving into the next stage of the construction program.

The iconic project in the heart of Sydney’s CBD is on track for delivery in 2027.

Designed by acclaimed architects, <a href="/architects/bvn-architecture">BVN Architecture</a> (for the tower and interiors), and FJC Studio (for the heritage podium),&nbsp;<a href="/new-apartments/sydney-house-194-204-pitt-street-sydney-nsw-2000">Sydney House</a> will comprise 241 premium residences atop a 135-room hotel.

<a href="/builders/richard-crookes-constructions">Richard Crookes Constructions</a>&nbsp;Construction Manager, Elliot Hicks confirmed demolition and bulk excavation are now complete, and major structural activities are progressing at pace.&nbsp;

[smartcode_project:default project_id=12428 project_image_fid=312145]

“The installation of the site’s third tower crane is now complete, marking a significant milestone in the project’s delivery, which will see further efficiencies as we work through the structure, with the site’s core reaching level 7 and structural slabs reaching level 3 by the end of May,” Hicks said.

“A significant and unique component of this project is the meticulous retention and protection of heritage elements, reflecting Sydney House’s commitment to preserving its historic character while delivering a modern, world-class development that enhances the site’s significance for generations to come."

Hicks said that three of the four buildings will see&nbsp;significant heritage retention and restoration to both facades and key internal elements.

"So far, the heritage works on site have seen the retention of the remaining heritage fabric across key areas such as the façade elements, the Lower Bar, Sydney Room, Corinthian Room, and Billiard Room, which are all now fully secured and protected.&nbsp;These richly detailed spaces — each with architectural and cultural significance — have undergone careful salvation of heritage material, which will be preserved and reused in the completed building."

Hick said the&nbsp;respectful integration of new structure with the historic core is central to the vision for Sydney House.

“By preserving character-defining elements and embedding them into the future of the building, we’re honouring the site’s legacy while creating an enduring new chapter.”

[smartcode_project:default project_id=12428 project_image_fid=350617]

Sydney House continues to track well against its program and promises to be a striking blend of heritage and innovation in Sydney’s cityscape by 2027.

Richard Crookes Construction is renowned for its meticulous, exceptional quality of construction in high-end residential projects such as the Sirius building in The Rocks.

First Sponsor and ICD Property echoed the sentiment regarding the development, noting that the project is well on track to becoming a new architectural icon for Sydney.

“Sydney House is more than just a building – it’s a legacy project that reflects our shared vision for delivering a truly exemplary project befitting its CBD location, set within one of the city’s most prestigious enclaves,” said a spokesperson for the joint venture.

The next phase of construction will see the tower core continue to rise, alongside internal fit-outs and façade installation, with completion expected in Q4 2027.

[smartcode_project_cta:default project_id=12428]

Richard Crookes Constructions progresses to structural works marking the beginning of a new construction milestone of the 50-storey tower on Sydney House

Construction steaming ahead at iconic Sydney House mixed-use landmark

Sydney House, the Sydney CBD's newest landmark, has been designed by not one, but two of Australia's most decoarted architecture practices.

BVN Architecture and FJC Studio joined forces to win the design competition for the project, a process required for new buildings in the City of Sydney local government area that cost over $100 million or exceed a certain height.

FJC Studio, led by Richard Francis-Jones, conceived the designs for the heritage podium and restoration of the original 1891 building, while BVN took care of 50-level protruding glass tower which will home 241 luxury apartments and a high-end hotel.

The former Pitt Street home of the City Tattersall Club is being redeveloped by joint venture partners <a href="/developers/first-sponsor">First Sponsor Group</a>, a listed Singaporean developer, and the Melbourne-based developer <a href="/developers/icd-property">ICD Property</a>, the developer behind several of Melbourne's tallest and most impressive apartment towers.

[smartcode_project:default project_id=12428 project_image_fid=312147]

The design of <a href="/new-apartments/sydney-house-by-city-tattersalls-club-194-204-pitt-street-sydney">Sydney House</a>&nbsp;pays homage to the late Victorian architecture of City Tattersalls Club and interprets its Free Classical style with contemporary grace.

BVN Architecture, led by Principal, Phillip Rossington and Matthew Blair, designed the tower with interiors by BVN Principal, Sally Campbell.

Seen from the street, there is an interplay between the arched windows of the heritage facades and the scalloped fenestration of the tower above.

“The fenestration has a rhythm inspired and inflected by the arched windows of the historic facades, subtly linking the forms while delineating new from old," Rossington says.

"This complementary approach enriches the reading of the heritage buildings, so they’re appreciated in a new light."

[smartcode_project:default project_id=12428 project_image_fid=312145]

The craftmanship of a bygone era is reinterpreted through a considered design language that filters through all levels of the hotel and tower.

Residents, patrons and hotel guests benefit from new levels of amenity with the stepped volumes creating expansive terraces and floorplans that draw natural light deep into the tower. Skyline vistas are available at every level while the penthouses enjoy panoramic views east across Hyde Park to the Heads, west to Darling Harbour, and north toward Circular Quay and Sydney Harbour.

[smartcode_project:default project_id=12428 project_image_fid=312146]

Richard Francis-Jones, Design Director of FJC Studio, says Sydney House is a "remarkable ensemble of beautiful street facades and interior spaces across four eras, from Victorian Free Classical to today."

"We have adapted and restored three heritage buildings and designed a new contemporary infill building that completes the Pitt Street composition and defines the distinctive identity of Sydney House.

“The new infill facade is distinctly modern, with a depth, compositional character and material richness that complements the exceptional detail and beauty of the three heritage facades. The Victorian and Inter-War Palazzo-style heritage facades have been carefully restored and enriched through new modern adaptive elements. &nbsp;

“New entrances, awnings, and shopfronts are refined contemporary designs inspired by the geometry and grandeur of the restored Art Deco rooms within. This integrated architectural approach extends to the interiors where the restored late Victorian and Art Deco spaces are complemented by a new grand staircase and public artworks, creating a cohesive and enriched experience for occupants and visitors in a unique multi-era, mixed-use Sydney House.”

Sydney House is being marketed through CBRE and is expected to launch later this year.

[smartcode_project_cta:default project_id=12428]

Richard Francis-Jones, Design Director of FJC Studio, says Sydney House is a "remarkable ensemble of beautiful street facades and interior spaces across four eras, from Victorian Free Classical to today."

BVN and FJC Studio’s architectural vision for Sydney House

Unit values in <a href="/developments/sydney-nsw">Sydney</a> have remained resilient, while the house segment of the market continues to show signs of weakness.

CoreLogic's Monthly Index revealed that unit values rose by 0.2 per cent in November and 0.4 per cent over the past three months, while house values contracted by -0.4 per cent in November and are down -0.8 per cent over the past quarter.

Sydney’s median unit value is now $865,000, reflecting a 2.5 per cent increase since the start of the year.

Houses are facing greater challenges, driven by tighter lending conditions resulting from the Reserve Bank's decision to maintain interest rates, alongside ongoing affordability issues in a market that has shown considerable strength in recent years.

The volume of available listings has contributed to the market's rebalancing, with Sydney’s listings now 10.4 per cent above the five-year average—the highest for this time of year since 2018.

<h2>What happened in Sydney’s off the plan apartment market in November?</h2>

Enquiry levels in November were the highest they’ve been since April, with demand increasing across all regions from Castle Hill to Newcastle and everywhere in between.

The upswing in enquiry was largely driven by the downsizer/rightsizer market, which has been less affected by high interest rates compared to other market segments.

The Eastern Suburbs, in particular, saw a significant rise in demand from both downsizers/rightsizers and investors, spurred by two prominent projects from one of Sydney’s leading builder-developers.

<a href="/developers/toga-group">TOGA</a> recently completed Surry Hills Village, a redevelopment of the former "murder mall" on the border of Surry Hills and Redfern.

[smartcode_project:default project_id=9302 project_image_fid=306319]

It only took a few weeks for them to sell the final penthouse, which achieved a near-suburb record price after expressions of interest were sought at around $7.5 million.

<a href="/architects/sjb-architects">SJB</a> Director Adam Haddow drew inspiration from his award-winning Redfern residence when designing the three-bedroom penthouses at <a href="/buildings/surry-hills-village-redfern-6-14-baptist-street-redfern-nsw-2016">Surry Hills Village</a>.

A limited number of apartments remain for sale in the landmark mixed-use development, which also includes hospitality venues and retail spaces in Wunderlich Lane.

[smartcode_project:default project_id=9302 project_image_fid=313542]

TOGA’s <a href="/new-apartments/the-kensington-147-151-anzac-parade-kensington">The Kensington</a>, a different yet equally appealing development on Anzac Parade, has been attracting interest from all buyer types in recent months.

Located directly outside a light rail stop and within walking distance of the Prince of Wales Hospital, the University of New South Wales, and Centennial Park, The Kensington has proven especially attractive to both first home buyers and investors.

The development features 142 one, two and three-bedroom apartments currently under construction by 4.5-Star iCIRT rated builder <a href="/builders/dasco-australia">DASCO</a>, and will sit above seven retail spaces—an element TOGA consistently incorporates into its projects.

[smartcode_project:default project_id=110959 project_image_fid=307645]

TOGA has also just broken ground on <a href="/new-apartments/macquarie-rise-122-herring-road-macquarie-park">Macquarie Rise</a>, its fourth development in <a href="/developments/macquarie-park-nsw-2113">Macquarie Park</a>. This project will feature three residential towers with a total of 268 apartments. Over 100 units have already been sold.

The $400 million development, designed by <a href="/interior-designers/turner-studio">Turner Studio</a>, will offer flexible living spaces and lifestyle amenities, including a 20-metre lap pool, a Pilates studio, and a cinema room.

[smartcode_project:default project_id=89243 project_image_fid=242700]

November also saw the unveiling of the Sydney Olympic Park Master Plan 2050, which aims to transform the precinct into a vibrant urban community.

The plan proposes the construction of up to 13,000 new homes, including affordable housing, as well as cultural, recreational, and green spaces.

<img alt="Inside the Sydney Olympic Park Master Plan 2050" data-entity-type="" data-entity-uuid="" src="https://res.cloudinary.com/dz9xllyip/image/fetch/f_auto,c_limit,w_1440,q_auto/https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/field/image/1730068339168.jpg?VersionId=k1DAC2irCX3vAbZgVt7ibYYHDtma7Brw" />

Key precincts, such as the Urban Centre, are set to integrate residential, commercial, and cultural facilities, while environmental conservation efforts also aim to enhance urban greening and sustainability.&nbsp;

As far as looking ahead goes, <a href="/developers/charter-hall">Charter Hall</a> unveiled plans for a near-$1 billion mixed-use tower at&nbsp;201-217 Elizabeth Street in the CBD.&nbsp;&nbsp;

<img alt="Sydney skyline transformation to continue as Charter Hall pitch near-$1 billion skyscraper" data-entity-type="" data-entity-uuid="" src="https://res.cloudinary.com/dz9xllyip/image/fetch/c_scale,w_580,dpr_2.0,q_auto:good/https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/201%20-%20217%20Elizabeth%20Street%2C%20Sydney%20podium.png?VersionId=lUg5UW5EJFhvvc7kGotbds2rJZPmUQeW" />

The 55-level skyscraper will feature a combination of hotel accommodations and 264 apartments, ranging from one to four bedrooms, alongside retail and hospitality spaces.&nbsp;

Designed by <a href="/architects/fjc-studio">fjc studio</a>, the tower aims for exemplary sustainability benchmarks and offers sweeping views of Hyde Park and Sydney Harbour.

Staying in the CBD,&nbsp;Signapore-listed First Sponsor Group and joint venture partner <a href="/developers/icd-property">ICD Property</a> revealed the first look of their redevelopment of the 130-year-old, state heritage-listed City Tattersall Club building on Pitt Street.

[smartcode_project:default project_id=12428 project_image_fid=312146]

The 241 premium apartments will hit the market in 2025 with CBRE.

<a href="/architects/bvn-architecture">BVN Architecture</a> won the design competition to create the new development, dubbed Sydney House, handling both the tower and the interiors. FJC Studio led the design of the heritage podium.

[smartcode_project:default project_id=12428 project_image_fid=312147]

Given the short supply of new apartments in Sydney, projects in the city tend to outperform the majority of other markets.

<a href="/developers/mirvac">Mirvac</a> smashed records for its first release of its luxury <a href="/new-apartments/harbourside-by-mirvac-2-10-darling-drive-darling-harbour">Harbourside Residences</a> in Darling Harbour. Their $600 million worth of pre-sales was the highest they've achieved in their 50+ year history.

Over 140 apartments have been conditionally sold to local buyers with sold prices ranging from just over $1.7 million to $25 million.

The sales launch for the 48-level luxury residential tower, a redevelopment of the former Harbourside shopping centre, saw a strong response from a diverse range of buyers including downsizers, families and couples from the local market, including the inner west, northwest, eastern suburbs, and north shore of Sydney. There were also some interstate buyers.

[smartcode_project:default project_id=141327 project_image_fid=314728]

New projects on the Sydney Metro line continue to do well.

<a href="/new-apartments/elevate-hume-place-crows-nest-25-hume-street-crows-nest-nsw-2065">Elevate Hume Place</a>, the apartments above the Crows Nest Station being developed by Third.i and Phoenix Property Investors saw a successful launch.

Designed by Woods Bagot,&nbsp;<a href="/new-apartments/elevate-hume-place-crows-nest-25-hume-street-crows-nest-nsw-2065">Elevate Hume Place</a>&nbsp;comprises&nbsp;130 one, two, and three-bedroom apartments.

[smartcode_project:default project_id=142550 project_image_fid=309369]

<a href="/developers/thirdi-group">Third.i</a> Co-Founder Luke Berry said the unprecedented demand and strong interest not only reflects the quality of the apartments, but also the increasing demand for convenient, transit-oriented living in Sydney's dynamic real estate market.

“We are thrilled with the strong sales results at launch for Elevate Hume Place, this achievement highlights the growing appetite for contemporary living that prioritises accessibility and connectivity,” Berry said.

“The design, amenities, demographic, and prime location of Elevate Hume Place have attracted a diverse range of local and international buyers, from young professionals and first home buyers to investors and downsizers, all seeking the perfect blend of urban convenience and community charm.”

[smartcode_project:default project_id=142550 project_image_fid=309370]

<a href="/developments/castle-hill-nsw-2154">Castle Hill</a> has also ramped up another notch since the metro opened.

Developer <a href="/developers/ellipse-property-group">Ellipse Property</a> has the largest development in the area, just across the road from the newly opened Hills Showground Precinct station.

Ellipse recently put shovel to ground on <a href="/new-apartments/atrium-at-carrington-place-40-42-ashford-avenue-castle-hill">Atrium</a>, the first stage of Carrington Place which is over 50 per cent sold.

<a href="/builders/decode">Decode</a>, another iCIRT rated builder, is constructing Atrium, part of the wider $750 million masterplan that borders the Cattai Creek. Carrington Place will comprise five stages that, when complete in 2032, will have over 800 homes. Atrium is set to complete in late 2025.

[smartcode_project:default project_id=89496 project_image_fid=216765]

Outside of the Sydney Metro area, <a href="/developers/gwh">GWH</a>, Newcastle's only builder-developer, launched its latest development.

<a href="/new-apartments/era-newcastle-124-126-bull-street-newcastle-west-nsw-2302">ERA by Newcastle</a>, two towers designed by <a href="/architects/fk-australia">FK Australia</a>, will comprise 281 apartments and over 2,000 sqm of resident amenities, aiming to cater to a wide range of buyers, including downsizers and first-home buyers.

[smartcode_project:default project_id=135096 project_image_fid=309968]

ERA is expected to cater to different buyer groups, from first home buyers and investors from Sydney to local downsizers who want a low maintenance, city-centric lifestyle while also being ideally located just a few kilometres from Newcastle’s famous beaches.

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