Surry Hills Warehouse to Become $500m Apartment Complex

Surry Hills is poised for a major facelift with the announcement of a $500 million redevelopment plan for the historic Marlborough House.

The warehouse, recently sold by a company connected to James Packer for $110 million, will be transformed into a luxury apartment complex by developer Time & Place.

This ambitious project will create 150 residences, including 26 affordable housing units. Located on Marlborough Street, the development is just a stone’s throw from another recently completed half-billion-dollar project by Toga, Surry Hills Village.

Anthony Falas, Toga’s executive general manager, expressed his support for the Time & Place development, believing it will raise the bar for apartment living in Surry Hills, an area currently dominated by older housing stock. He also anticipates the influx of new residents will boost the local economy, particularly the vibrant retail and dining scene. Toga’s Surry Hills Village development has attracted many buyers from affluent eastern suburbs like Paddington and Woollahra, demonstrating the area’s growing appeal.

Surry Hills Village is a testament to the suburb’s transformation. It boasts a bustling laneway precinct with popular establishments like Olympus Greek restaurant, Island Radio Asian fusion eatery, Regina Pizza, and Messina gelato.

View this post on Instagram

A post shared by Time & Place (@timeplaceprop)

Further additions to the hub are on the horizon, including the Baptist St Rec Club and Lottie, a new Mexican restaurant atop the 102-room boutique Eve. This flourishing food and retail scene, which also features a Coles and Harris Farm, is expected to be a major drawcard for the area’s current and future residents.

The Marlborough House site, spanning over 3400 square metres, was sold for the first time in over half a century. The deal, brokered by JLL and The Agency, marks a new chapter for the historic building, originally constructed between 1914 and 1934 as a factory for David Jones.

Time & Place, in partnership with investment firm NPACT, will submit their plans to the NSW Government for approval as a significant development project. A design competition will follow, with demolition slated for 2027 and project completion expected two years later.

Published Date 13-Jan-2025