A 114-bay car park up for grabs in the heart of the Sydney CBD could prove to be the lynchpin in a development scramble underway around the new metro station slated for Hunter Street.
Major developers such as Milligan and ASX-listed Mirvac as well as hospitality giant Merivale all have skin in the game in the neighbourhood and may take an interest the car park at 109 Pitt Street.
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Campbell Kwan covers commercial and residential real estate for The Australian Financial Review, based in the Sydney newsroom. He was previously the breaking news reporter. Email Campbell at campbell.kwan@afr.com