- Architecture design will be lead by Glenn Murcutt and Angelo Candalepas
- The development will deliver 53 premium residences and ground floor retial
- Central Element has a range of premium residential and hotel projects across Sydney
Sydney property developer Central Element has announced the redevelopment plans for 271 Elizabeth Street – previously the Hyde Park Inn.
Glenn Murcutt and Angelo Candalepas will be leading the architectural design – the first time the duo have worked together for a project in the Sydney CBD.
Mr Candalpas has worked on a variety of high profile projects both domestically and internationally, including The Point in Pyrmont, The Surry on Elizabeth St, Thoma House, The Hellenic Club and the National Gallery of Australia.
Mr Murcutt, the only Australian to win the Pritzker Architectural Prize, has worked on a variety of significant projects such as The Arthur and Yvonne Boyd Education Centre, Donaldson House, Walsh House and Australian Islamic Centre.
271 Elizabeth Street will deliver 53 premium residences along with ground-floor retail. The ionic park side-address will draw inspiration from London’s No.1 Grosvenor Square and New York’s Beckford House.
“We are delighted to be working with Central Element to transform this iconic Elizabeth Street property at a time when Sydney’s status as a global city continues to grow on the world stage,” commented Angelo Candalepas
“Having the opportunity to design a development that will take the city into the future for liveability and lifestyle is exceptional and comes with responsibility. We look forward to this project becoming an important piece of Sydney’s future.”
Busy times for developer
Central Element, led by Mr Chivas, Wayne Chivas and Shane Smollen, focuses on delivering premium and environmentally sustainable developments across the residential and hotel sectors in Sydney’s metropolitan area.
Along with delivering Pienza Neutral Bay and other projects in Balmoral and Coogee, the developer will release its 18 level luxury tower in Chatswood this year, and the Paddington 25 Hour hotel in Oxford Street will open early next year.
“Elizabeth Street represents one of the most important boulevards in the city,” said Nathan Chivas, Managing Director of Central Element
“With the rare development opportunity to transform the site into a premium mixed-use property, we chose to appoint Glenn Murcutt and Angelo Candalepas, who are some of the most celebrated and important Architects in Australia, to challenge the standards of design and redefine benchmarks of design excellence in the Sydney CBD.”