1 Elizabeth, also known as Martin Place Metro North Tower, is a 174 m (571 feet) 40–story skyscraper in Sydney, Australia. Designed by Johnson Pilton Walker (JPW), the building has been integrated with the adjoining 50 Martin Place building, as well as the Martin Place Metro Station that sits under 1 Elizabeth.[1]
History
Proposal
In December 2014, Macquarie Bank learnt of the Sydney Metro's three CBD underground station construction sites and started work on a pitch to the NSW Government for it to design and build the proposed Martin Place station with the intension to build an expansion to its Sydney headquarters on 48-50 Martin Place.[2][3]
In February 2016, Macquarie Bank lodged an unsolicited proposal to deliver the Sydney Metro Martin Place integrated station development that will comprise the new metro station, retail space, pedestrian connections and the two buildings above the station.[4] In March 2017, the NSW Government rejected the other bid by Dexus Property Group and entered into exclusive negotiations with Macquarie Bank.[5][6]
In 2018, Macquarie Bank announces it entered an agreement with the NSW government to design and deliver a new integrated station development in Martin Place partnering with contractor Lendlease.[7][8] The A$3 billion development will add 95,000 square metres (1,020,000 sq ft) of new space into the Sydney market and is planned for completion by 2024.[9][10] Macquarie paid the NSW government A$$355 million for the air rights above the station to build the two office buildings.[11]
Construction
Construction of the building, designed by the architecture firm Johnson Pilton Walker and built by Lendlease[12] for Macquarie Bank, began in 2020 and are to be completed in 2024.[13] At completion, the building will become Macquarie Group's new global headquarters.[14]
References
- ^ "Project Martin Place Metro North Tower". Johnson Pilton Walker Pty Ltd (JPW).
- ^ "Macquarie's real estate deal of a lifetime". Australian Financial Review. 27 February 2020.
- ^ "Two towers proposed for Sydney's Martin Place". Architecture Media. 2 June 2017.
- ^ Unsolicited Proposal: Macquarie Group Limited - Sydney Metro Martin Place Station (PDF) (Report). NSW Department of Premier and Cabinet. 12 September 2018.
- ^ "Macquarie beats Dexus to Sydney's Martin Place". Australian Financial Review. 16 March 2017.
- ^ "Macquarie progresses to Stage Three of NSW Government unsolicited proposals process for Sydney Metro Martin Place station development" (Press release). Macquarie Group. 17 March 2017.
- ^ "Macquarie enters into binding agreements to deliver a new, vibrant public transport precinct in Martin Place" (Press release). Macquarie Group. 12 September 2018.
- ^ "Sydney's first look at a new Martin Place". Sydney Metro. 12 September 2018.
- ^ "Macquarie, Lendlease finalise $3 billion Martin Place railway". Australian Financial Review. 12 September 2018.
- ^ "$3 billion Martin Place development sealed for 2024 delivery". DevelopmentReady. 18 September 2018.
- ^ "Macquarie Wins Contract to Develop Martin Place". The Urban Developer. 12 September 2018.
- ^ "Sydney Metro Martin Place Integrated Station Development". Lendlease Corporation.
- ^ "1 Elizabeth". The Skyscraper Center. Retrieved 22 January 2024.
- ^ "Shaping the future of Sydney's CBD". Macquarie Group. 15 September 2023. Retrieved 22 January 2024.
External links
Media related to 1 Elizabeth at Wikimedia Commons
- Sydney Metro Martin Place integrated station precinct
- "Martin Place Station Design and Precinct Plan" (PDF). Lendlease.
- "Martin Place Station Precinct North Site State Significant Development Assessment". NSW Planning Portal Major Projects. July 2019.
- "Martin Place Station Precinct - North Site Stage 2 Project". Planning Portal - Department of Planning and Environment.
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