Tim Gurner says new Barangaroo tower will launch in Sydney later this year

With apartments from $5m and full-floor, sub-penthouses from $20m, developer Tim Gurner says demand for his new $800m residential development has been overwhelming.

Gurner said the Barangaroo tower in the northern part of the CBD would also offer full-floor, sub-penthouses.

Melbourne-based Gurner Group is set to launch a major $800m residential development in Sydney’s Barangaroo, with apartment prices starting at $5m.

Gurner said the Barangaroo tower in the northern part of the CBD would also offer full-floor sub-penthouses priced from $20m-plus, but the average apartment price would be in the $7m to $9m range.

It is the only residential apartment project to launch this year in the northern part of the Sydney CBD and Barangaroo precinct. It will launch in either the second or third quarter of the year – Gurner is yet to ­decide.

“This is our first project in Sydney and we are going to ensure it is something truly world-class.

“We are offering a level of six-star luxury, amenity and service that has not been offered before in Sydney,” Gurner executive chairman Tim Gurner said.

“With a maximum of two apartments per floor and numerous full-floor residences, the project has been created for Sydney’s astute homeowners that want to live their ultimate life in the heart of the city with our world-class services, amenity and homes. We will be bringing our global leading wellness, service and luxury offering to one of Australia’s most important locations in Barangaroo. This is the last freehold site in the area, and we are looking forward to offering this unique opportunity to a very select group of buyers.

A render of the planned project.

Tim Gurner says buyers are keen for the new site.

“We have been overwhelmed with the inquiry for this project, well before we have even discussed the launch, and look forward to being able to reveal more in 2025.”

Gurner’s planning submission, lodged almost a year ago, was a modification to an existing development approval. The changes for the 189 Kent St site have now been approved by the City of Sydney.

The site is the final freehold land title site in the broader Barangaroo precinct, which is overwhelmingly occupied by leasehold sites.

The planning modification was primarily designed to maximise the offering of each unit, providing more three-bedroom options and a reduction in total apartments from 125 to 91.

The team has maintained a maximum of one to two residences per level throughout the tower, to maximise resident privacy and create larger floorplates that will deliver on the required level of service, amenity and ­design.

The plans also include two double storey penthouses, alongside a sky pool and terrace, private dining, business lounge, valet and concierge. The price of the penthouses is yet to be disclosed.

The 189 Kent Street project will also include an ultra-luxe wellness area, which has become a signature of Gurner’s residential developments.

FJC Studio will be leading the architectural design of 189 Kent Street, bringing together the developer’s signature aesthetic with the creative flair of the award-winning design ­practice.

Gurner expects the commencement of works on-site this year.

Gurner has a national rollout of projects in Melbourne’s St Kilda, Queensland’s Gold Coast and Port Douglas, as well as Perth, Adelaide, Sydney and Brisbane.

Originally published as Tim Gurner says new Barangaroo tower will launch in Sydney later this year