380 Lonsdale Street, currently a freehold commercial building, is slated for re-development into two towers of 51 and 47 storeys on top of a five storey podium, with an option to go up to 59 storeys. The proposed development will feature 658 apartments, 1,344sq m of retail space, a 399-space car parking facility as well as a 350-room upper-scale hotel.
The Group has previously entered into a Letter of Intent with Starwood to supervise, direct and control the operations of the proposed hotel tower under the Aloft brand.