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Sydney’s Wynyard Station precinct will receive a $1 billion-plus revamp by a design team comprising Britain’s Make Architects and Australia’s Architectus.

The project cleared its final planning hurdle on 1 June, gaining final approval from the NSW Cabinet through the Government's Unsolicited Proposals pathway. Developers Brookfield obtained the approval by providing a no-cost upgrade to the station surrounds which fall under government leasehold.

The development will see the station surrounds and the Sydney Menzies Hotel receive a $1 billion-plus reinvigoration, the major addition being a 27-level, 58,000sqm office tower called ‘One Carrington Street’, made possible by the demolition of the Menzies Hotel and Thakral House.

The tower will facilitate a new eastern transit hall for Wynyard Station off George and Carrington Streets, and will offer four levels of retail space and a basement car park.

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The project will be developed by Brookfield who took over the listed Thakral Holdings to win access to the Wynyard station site and the Menzies Hotel back in 2012. Brookfield has said the development will include six hotels with over 2,100 rooms operating under the Novotel, Sofitel and Hilton brands.

The heritage-listed Shell House building on the corner of Margaret Street, Carrington Street and Wynyard Lane (above right) will be spared from demolition under the proposal.

The building’s interior will be retrofitted with 8,000sqm of office space and 1,500sqm of retail tenancy, but will maintain its historic exterior façade. Renders also show a glass box addition on the Shell House rooftop.

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A new laneway planned between George and Carrington Streets will provide pedestrian access between Wynyard Park and George Street.

On completion, the Wynyard area will be an important transport hub for Sydney and will lead into the planned Wynyard Walk, designed by Woods Bagot which runs from Clarence Street down to Lend Lease's $6 billion Barangaroo precinct.

Make Architects’ Project Director for One Carrington Street Ian Lomas said the development could see the Wynyard precinct become associated with the world’s great stations.

“The route between Wynyard Station, George Street and the Hunter Connection will give the city a new urban space, with the generosity associated with all great stations around the world,” said Lomas.

“The new office will be sculpted to optimise views to and from the building – each elevation is different to complement and enhance the city’s skyline.”

Contiguous to the project is a $100 million upgrade of the Wynyard train station from the NSW government which will see the city’s third largest transport hub transformed to facilitate the proposed increase in railway traffic from the Barangaroo project.

Built in 1932, the Wynyard station upgrade will encompass the concourse and ticket area, including wider ticket gates, new signage, an upgrade of retail outlets, and new tiling, paint and light fittings.