50-STOREY TOWER PROPOSED FOR SYDNEY TATTERSALLS
Step inside the multi-million dollar, multi-function CBD redevelopment.
By Terry Christodoulou
Wed, Mar 17, 2021 9:58am
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The Sydney City Tattersalls Club redevelopment is moving ahead with a detailed development plan now lodged for a $762 million tower complete with hotel and upscale apartments.
The proposed 50-storey tower will house a 101-room hotel and 241 apartments, as well as the regeneration of the Club’s quarters including new retail, upgraded lower bar and grill, new restaurants, a commercial fitness centre and event spaces.
Pending approval by the City of Sydney later this year, construction will begin in 2022 with completion expected in 2026.
The project is being led by Singapore-based First Sponsor Group and local developer ICD Property, the latter brought in by the City Tattersalls Club more than five years ago.
Local architecture studio BVNis designing the site, with heritage architects FJMT overseeing the lower-level refurbishments
“The significance of this redevelopment to our members and a CBD that is very much in need of reactivating is indescribable,” said Marcelo Veloz, group chief executive at City Tattersalls.
An earlier proposal for the site was denied by the NSW Land and Environment Court – citing heritage grounds – three years ago
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A five-bedroom Palo Alto home designed by Steven Ehrlich is listed for $44 million, making it the city’s most expensive listing. Built around a dramatic concrete spine, the home features four courtyards and a pool.
By E.B. Solomont
Thu, Sep 24, 2026 3 min
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For years, tech entrepreneur Asher Waldfogel and his wife, Helyn MacLean, dreamed of building a modern house in Palo Alto, Calif.
The couple, however, worried about clashing with the Mediterranean-style architecture typically associated with their neighborhood of Old Palo Alto.
So they tapped architect Steven Ehrlich to create a design that paid homage to its surroundings with stucco, mahogany and titanium zinc cladding. They spent $20 million over several years building the house, completed in 2005.
Now looking to be closer to their adult daughter on the East Coast, they are putting the five-bedroom home on the market for $44 million—the most expensive listing in Palo Alto.
Waldfogel is an angel investor who co-founded Redback Networks, a telecommunications-equipment company. MacLean previously had a career in fundraising.
The couple purchased the roughly 0.4-acre site for $7.1 million in 2000 and demolished a circa-1930s Spanish Colonial home. The house they built pinwheels around a central staircase. It has 7,900 square feet of livable space, with four distinct courtyards and a pool.
A key feature of the home is a cast-in-place concrete wall, or spine, that is two stories high and about 80 feet long. “There’s a little bit of controlled chaos in what comes out of the form,” unlike a perfectly uniform surface, Waldfogel said. “If you want that, you do it in plastic.”
Waldfogel said he and his wife are thinking about the next phase of life now that their daughter is grown, although they have not decided where they will move. They also have a home in Sun Valley, Idaho.
“Right now we’re just trying to emotionally let go and decide what to do next,” he said.
Palo Alto, an epicenter of venture capital and tech startups in Silicon Valley, is home to some of the country’s biggest tech titans. Sales volume and prices are rising, with a median sale price of $3.5 million for the three months ending in August, up 5.8% year-over-year, according to real-estate brokerage Redfin.
Arthur Sharif of Sotheby’s International Realty—San Francisco Brokerage has the listing.
