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Green light for George Street retail revival

Shopping in the Martin Place precinct is set to change with ISPT gaining approval for the major redevelopment and revitalisation of its...

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Green light for George Street retail revival

Shopping in the Martin Place precinct is set to change with ISPT gaining approval for the major redevelopment and revitalisation of its adjacent buildings at 345 and 363 George Street, and 24 York Street, to create a new precinct with a major centralised lobby and new luxury high-street retail destination in the heart of Sydney’s CBD.
The City of Sydney Council approval gives the green light to one of the city’s most important retail projects in recent times. New luxury flagship retail will interface with George Street and bookend Martin Place at a time when more and more international retailers are intensifying their search for a Sydney presence.

The circa $75-million redevelopment, encompassing the office towers at 345 and 363 George Street as well as the heritage-listed 24 York Street, will also incorporate new facades, entries and awnings to enhance George Street’s evolving pedestrian experience and light rail transformation.

The project will take centre stage in the luxury retail precinct emerging on George Street, with retailers set to take advantage of the major increase in pedestrian thoroughfare.SCN

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Shopping Centre News

Shopping Centre News (SCN) is in the ‘information business’, and is perceived as such by its readers. Daily industry news makes shoppingcentrenews.com.au a must-visit as part of the morning routine for those who want to keep right across the latest retail developments and events, while SCN's premium magazine is the leading publication for the shopping centre industry in Australia and New Zealand.

Known as the ‘industry bible’ SCN is printed five times a year with fascinating, in-depth features and important critical analysis written by known industry insiders as well as the popular ‘Guns’ reports, which ranks Australian shopping centre performances. Shopping Centre News is the only publication in the world that features centre statistics on Turnover, Turnover per square metre and Specialty Shop turnover per square metre for every major centre in Australia.

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