Singaporean property development company M&L Hospitality Executive Chairman Michael Kum announced yesterday that a third tower will be added to Four Points by Sheraton Sydney at Darling Harbour.
Spanning the Western Distributor Expressway and with 230 accommodation rooms, the new tower will also house 4810 square metres of pillar-less exhibition and conference space designed by Bates Smart. The combined spaces can hold up to 3000 delegates split between two ballrooms and eleven breakout areas. The tower will have seven floors (5000 square metres) of boutique office space and a restaurant precinct that opens into Sussex St.
The $160 million development will start construction in the first quarter of 2014 and is scheduled for completion in mid-2015. Cox Richardson architects designed the new tower with construction taking place in partnership with Brookfield Multiplex and Starwood Hotels, the managers of the property.
The development is expected to create hundreds of construction jobs in the short-term and over a hundred hospitality jobs ongoing and is a key part of the Darling Harbour revitalisation project that is being rolled out by the NSW State Government over the next five years.