The proposal is accompanied by a Voluntary Planning Agreement (VPA) which is a proposed agreement between Lendlease and the Council.
The proposal provides for a low rise public building, a commercial office tower with a maximum height of 248m and the remodeling of Jacksons on George licensed premises.
Lendlease's proposed Circular Quay tower. Source: AFR
The VPA would secure several public benefits in connection with the proposal. These include:
- a community building
- business innovation space in the lower levels of the commercial tower
- a public cycle facility
- a large public plaza will front George Street
- a secondary plaza on Rugby Place
- a network of laneways to connect the precinct
The next step is for the approved planning proposal to progress as an amendment to the Local Environmental Plan and for City of Sydney and Lendlease to officially execute a VPA. Lendlease then intends to submit a development application to redevelop the Ciruclar Quay site.