Hyde Metropolitan is a luxury mixed-use residential development project, developed by Deicorp, a prominent property group based in Redfern, Sydney. The development is located in the heart of the Sydney CBD, overlooking the iconic Hyde Park on the corner of Liverpool and Castlereagh St.
Deicorp’s newest development is a 55-storey apartment building featuring a total of 168 luxury apartments, with a range of one, two, and three-bedroom configurations. The site for the project sits on a slender 1597sqm and will replace the Polding Centre building after it was purchase by Deicorp from the Catholic Archdiocese in 2021.
The Architects responsible for delivering the iconic address for Deicorp will be Candalepas Associates, who had been heavily involved with the previous development application plans when owned by the Catholic Archdiocese. Founder Angelo Candalapas spoke of the projects significance to the Sydney market.
“This will be a tower that I hope people won’t forget,” Angelo Candalapas stated at a launch event.
“It’s my ambition that people might even be haunted by its presence in the city.”
Along with its prime CBD and Hyde Park access and views, the project offers residents access to a wide range of amenities, including a swimming pool, gymnasium, spa, and sauna, as well as a concierge service and secure parking facilities. The building also features a rooftop garden with stunning views of the city skyline. According to the plans there will be eight basement levels, five floors of commercial and retail space in the podium levels and 168 apartments above for a total of 19,836sq m of residential gross floor area to activate to the market. The commercial gross floor area will equate to 3965sqm with 302sqm of retail space being unlocked to the prime corner site.
- 134 luxury apartments spread over 55 storeys, with a range of one, two, and three-bedroom configurations.
- A rooftop garden with panoramic views of the city skyline.
- A swimming pool and spa located on level 36 of the building, with stunning views of the city.
- A fully equipped gymnasium, sauna, and steam room.
- Secure car parking facilities.
- Concierge service for residents.
- High-quality finishes and fixtures throughout the apartments.
- Smart home automation technology, allowing residents to control various aspects of their apartment using their smartphone or tablet.
- Energy-efficient design, with a focus on sustainability and reducing the building’s environmental impact.
According to reports, the Hyde Metropolitan development generated significant interest ahead of its VIP launch event, with over 1400 registrations from buyers being recorded. CBRE Residential Projects Sydney managing director David Milton said the owner-occupiers of the existing building would not vacate until September of next year, which puts the timeframe in question for buyers wanting some assurance in a tough interest rate related market.
“So, we’ve built a display suite on site, and we are selling out of that,” Mr Milton stated.
“The soaring ceilings and full height windows complement the timeless materials and elegant interiors to create something that is truly special.
“These residences evoke the style and luxury of New York and London’s park-side addresses. The slender form ensures a high level of privacy with just two to four residences per floor.”
David Milton likens Hyde Metropolitan, with its park-side living, to New York’s famous Central Park and London’s Hyde Park homes. The podium level offers the type of facilities expected in a building of this calibre with resort-style pool, leisure, sauna and gym, as well as concierge services.
The two-bedroom apartments have floor plans ranging between the 90 and 100sqm mark and would sell within the high $2-million ranges. Three-bedroom apartments of between 130 and 165sqm would sell around the high $4-million mark, according to Milton.
Iconic address sites are at a premium in the capital cities, with residential projects becoming more difficult to get off the ground to construction phase. The dramatic shift in build costs after the remains of the Covid-19 pandemic continue to wreak havoc within the Australian construction industry. Projects like Hyde Metropolitan by Deicorp are a welcome site for the market, however progressing to construction and settlement will be a challenge for even the best of developers currently. The Sydney market remains bullish, so an expectation of completion sooner rather than later is to be expected on such an iconic and sought after address.
Completion is estimated for 2027, with the Hyde Metropolitan residences now for sale.
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