It would be the first major tall building built towards the southern end of the city, rising 23 levels above the street level to a height of 330 feet. A major feature was the sun control panels to control sunlight streaming into the building.
By the end of 1965, it had become reality. Below is a feature article as published by The Sydney Morning Herald on December 21 (Click image to see a larger version).
Source: Edwards, N. 1965. "First giant office block at the southern end of city since war". The Sydney Morning Herald, December 21: 18.
In 2008, the Water Board (now Sydney Water) moved to a new complex at Parramatta, and the building was sold to Brookfield Multiplex for $150 million. It was intended that a new, modern office tower be built on the site. This did not proceed.
Chinese developer Greenland Properties bought the site from Brookfield Multiplex for $100 million in 2013. It has proceeded with plans to gut and partially demolish the tower for a new apartment building that will more than double the height of the building. Work is underway.
Above: Greenland Sydney
. In Build Sydney. January 17, 2017. Accessed June 30, 2017. https://www.buildsydney.com/greenland-centre-sydney-cbd-237m/Untitled
When completed, the tower will rise 68 levels or 237 metres above street level. At this stage it will be the tallest skyscraper in Sydney until the completion of the 272 metre Crown Resort at Barangaroo in 2021. It is also anticipated that it will also lose the mantle of tallest apartment in Sydney with a number of residential towers proposed for Central Sydney that will rise up to 260 metres in height.
Above: The Sydney Water Building is gutted as part of its conversion into an apartment tower. The photo was taken by the Author (2017).