New developments make Circular Quay Sydney City’s next hotspot

Have you visited Circular Quay lately? We’re seeing significant growth and development in the area transforming this Sydney city precinct which was once known for its tourist attractions and office tower dominance to a bustling and trendy residential precinct.

Welcome Opera Residences and Quay Quarter

The completion of the Opera Residences building and three new residential buildings in what is known as ‘Quay Quarter’ has brought more than 200 new luxury homes to the area.
Opera Residences at 71 Macquarie Street, Sydney has quickly become one of the city's most iconic residential buildings since its launch in 2021. This prestigious address features glamourous interiors, first-class facilities and unbeatable views combined with the convenience of the harbour just footsteps from your door.

Quay Quarter which is a mix of residential, commercial and retail properties, includes three new residential buildings and was also launched in 2021: 8 Loftus Street, 15 Young Street and 18 Loftus Street, Sydney. Developed by AMP Capital the complex brings more than just prestige real estate, it is an urban community.

Since its launch several upscale vibrant restaurants, bars, cafes, and retail stores have emerged in the Quay Quarter precinct creating a wonderful ‘laneway’ vibe, making it an attraction in itself. You will find the likes of Hinchcliff House, Grana and Lana Restaurants, Apollonia Bar, Humble Bakery, Zini Gelato, Adora Chocolates and many more here.

These major residential developments have reinvigorated the area establishing a large permanent community that compliments the number of workers and tourists that come in and out of the precinct. We have also seen new community-based events form and bring the streets to life such as the ‘Quay Quarter Lane Markets’ which is every second Wednesday of the month and features 40 stalls connecting some of Sydney's best producers.

The future of Circular Quay

In terms of what is on the horizon, there are a number of commercial developments and some exciting hotel projects which we believe will further bolster the area and continue to provide residents and visitors with a variety of brilliant lifestyle options from luxury to boutique, hidden gems.

Notable, Sydney Place, a lendlease development, is reshaping the Sydney skyline with what will be our tallest office building - 55 storey Salesforce Tower. More laneways will continue the theme of Quay Quarter and further bolster Circular Quay’s food scene with 24 new destinations. Public spaces will take up more than half of the precinct connected to plenty of public transport options.

One Circular Quay and Waldorf Astoria Sydney are two more significant projects that are set to impact the area. One Circular Quay positioned at 1 Alfred Street is a high end residential apartment building featuring a collection of 158 two, three and four bedroom residences. A premium address with impressive views that is sure to be one of Sydney’s most sought after buildings - due for completion in 2026.

The Waldorf Astoria, also at 1 Alfred Street, will be the first of its kind in Sydney and is placed to be one of our city’s best hotels, offering unrivalled views across Sydney Harbour including famous icons, the Sydney Opera House and Harbour Bridge.

Finally, we cannot forget the stunning Capella Hotel, highlighting the architectural history of Circular Quay Capella is housed in the former Department of Education building showcasing a stunning golden sandstone façade. This heritage listed icon blends contemporary design perfectly and offers luxury accommodation, cuisine and cultural immersion to locals and tourists alike.

We are for apartments.

If you are considering buying or selling your apartment in Sydney City, Millers Point, Circular Quay or surrounds, we would love to help you. Ayre Real Estate are specialists in apartment living and ready to help find your ideal property. Talk with us today to find out more.