Surry Hills is set for a new commercial development as Stasia Holdings pushes forward with its plans for a 10-storey office tower at 232-240 Elizabeth Street.
Despite initial delays, the project has gained momentum with adding an extra level, bringing the total commercial space to over 6,300 square metres.
The proposal, designed by Candalepas Associates, recently underwent community consultation with the City of Sydney following a Gateway Determination. This extra storey boosts the floor space by 2000 square metres and significantly increases the building’s capacity.
A new laneway will connect Reservoir Street with Foster Lane, adding to the development’s appeal and improving pedestrian access and connectivity across the site. The project will also see the demolition of five existing terrace buildings, which have been heavily modified over time to accommodate a strip of shops.
The development’s location within a designated employment cluster further strengthens its potential. The Surry Hills area is already known for its concentration of businesses in sectors such as health, education, creative industries, and professional services.
This project marks another significant investment in Surry Hills by Stasia Holdings, which has been actively developing properties in the area. Their portfolio includes projects at 117 Flinders Street, 163-171 Oxford Street near Darlinghurst, and The Porterhouse at 233 Riley Street.
The company recently completed Foveaux HQ, a commercial space leased to Safety Culture, a software start-up. Safety Culture’s founder has admired established tech companies like Atlassian and Canva, which have a strong presence in the area.
Canva’s new headquarters on Kippax Street, with its unique design reflecting the company’s culture, was unveiled earlier this year. Meanwhile, Atlassian’s Tech Central tower is being built, with minor modifications underway.
Stasia’s Elizabeth Street development joins the growing number of commercial projects reshaping Surry Hills. As Tech Central welcomes its first tenants, this latest addition is poised to solidify the suburb’s status as a thriving business hub.
Published Date 01-October-2024