Urbis was engaged by DEXUS to facilitate planning approvals for the main works to the retail podium levels, which included adaptation of existing retail space, upgrading building services, providing a new glazed atrium, activating Alfred Street, Reiby Place and Loftus Street, and upgrading the adjoining Jessie Street Gardens, a local park. The Consent Authority waived the requirement for a Stage 1 DA and competitive design process in approving the project as the proposal was considered to demonstrate design excellence.
Urbis provided retail advice on the optimum mix and scale of retail in the property commensurate with the size of the different market segments the property has access to, the competitive context and its locational advantages. We provided forecast turnover and rent that can be expected from an enhanced retail offer.
The Urbis team also provided heritage advice on contextually appropriate design responses to historic buildings on the site, and liaised closely with stakeholders including City of Sydney and Transport for NSW throughout the approval process.
The expanded and refurbished retail levels are scheduled to open at the end of October 2016.