The internationally renowned Ritz-Carlton hotel brand hasn't had an offering in Sydney for a decade, with its Circular Quay property shutting to make way for the Sir Stamford and the second inner-city site famously relaunching as the Intercontinental Sydney Double Bay.
But now, the luxury name is set to make a triumphant return, thanks to an ambitious $500 million development project proposed by a full-pocketed trio: The Star, local developer Far East Consortium and Hong Kong-based Chow Tai Fook.
To be built within The Star Sydney's existing Pyrmont casino complex, the soaring 61-storey hotel and residential tower would boast around 200 apartments and 220 hotel rooms.
Designed to appeal to the booming number of international visitors hitting Aussie shores each year — a figure that's expected reach to 15 million within the next decade — the build could be a huge win for the city's tourism industries.
The work of renowned architects FJMT, the design will feature a Sky Lobby, a rooftop terrace, three pools and two gyms, as well as 15 new food and beverage offerings, including a new high-end restaurant, that will be spread across the resort and casino complex.
After consultation with locals, the proposal also incorporates plans for the new Pyrmont Neighbourhood Centre — a five-level precinct complete with reading room, function space, social enterprise cafe and rooftop terrace.
The plans are currently with the NSW Department of Planning and have yet to be approved. We'll update with more information as soon as it's released.