SERIES: The Evolution of the Citigroup Centre - Park Plaza IV(1988)

A render of Park Plaza IV. A citation is featured in the article below.

Last week, we looked at another setback for the Bond Corporation in their attempts to build a major tower on the former Waltons Department Store site in Park Street when plans for a 79-level office tower were scrapped, knowing that the plans were not going to be approved.

Source: Chancellor, J. 1988. "Will it be fourth time lucky for Bond?". The Sydney Morning Herald, September 13: 30.

In September, plans were unveiled for a scaled-down 56-level tower, which had similar setbacks to the 79-level scheme. Crone & Associates continued to remain as architects.

It would be the last proposal bought forward by the Bond Corporation. In January 1989, it sold the site to a Japanese Consortium comprising Japanese companies Kumagai Gumi and Sogo (Japanese Department Store chain) for approximately $278 million.

Previous Schemes

• Original 1982 Scheme
• Park Tower (1986)
• Skytower (1987)
• Park Plaza (1988)