Sitting on the western side of the CBD between Town Hall and Darling Harbour, the 806.9sq m holding spans 420 Kent Street, 422-424 Kent Street and 275-277 Clarence Street.
Plans on exhibition until May 8 would deliver 23 three-bedroom apartments and two four-bedroom apartments, plus a cafe, bar, indoor recreation tenancy, 25 parking spaces in an automated stacker and a 2.4m through-site link between Kent and Clarence streets.
Gross floor area would reach 6389sq m, including 4962sq m of residential space and 589sq m of commercial floor area.
Town Hall Station sits about 200m away and Gadigal Metro is about 300m from the site.
▲ Stewart Architecture renderings of Revelop’s proposed tower from Kent and Clarence streets, with the former Genesian retained.
Revelop said “changes in market demand” and “greater demand for residential development in Central Sydney” drove the shift away from the earlier hotel path.
The City of Sydney has approved major redevelopment on the site before.
A 2017 consent covered a part 16 and part 17-storey project across 422-424 Kent Street and 275-277 Clarence Street with 72 hotel rooms and 13 apartments.
The Central Sydney Planning Committee then approved a 19-storey hotel-led scheme in 2019 with 199 hotel rooms, two basement levels, a through-site link and refurbishment of the Genesian Theatre.
▲ Two renderings of the approved 19-storey, 199-key hotel scheme for the Kent and Clarence streets site.
Neither scheme was physically commenced.
Revelop said it considered acting on the earlier approval after acquiring the site.
“Upon acquisition of the site, Revelop considered acting upon the 2018 approval however, based on changes in market demand, it was considered that there was greater demand for residential development in Central Sydney, in accordance with the current housing crisis,” the developer said.
Planning documents said the new proposal remained “generally consistent” with the 2019 approval, retaining a Kent-to-Clarence through-site link and a 7.5m parallel offset setback from the Genesian roof.
Retention of 420 Kent Street is central to the proposal.

▲ The Kent Street frontage, with the former Genesian Theatre at left and the adjoining warehouse building at right proposed for demolition.