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| Above: A Cross section of La Galleria as viewed from the north (Kings Cross Road elevation). Full Citation below. |
In 1987, the site of what is presently the Elan and Altair Apartments at Kings Cross was owned by developer Sir Sid Londish, who had purchased the one-hectare site located above the Kings Cross tunnel for $11 million the previous year.
Source: Robertson, R. 1987. "Londish building cut by six levels". The Eastern Herald (The Sydney Morning Herald Supplement), December 10: 32.
A 32-storey hotel tower was to rise above a massive podium containing retail and commercial space. The estimated cost was estimated to be just under $300 million, according to a 1990 newspaper report in The Australian.
The plans mentioned in the article are modified plans that were unveiled several months earlier and were criticised for being "too bulky" in its podium levels. The modified plans were welcomed by local residents.
Plans were changed in 1989 when a 48-storey apartment tower was proposed for the site citing the increased appeal of inner city apartments.
In 1990 the site was sold to Rushcutter Properties Limited (a subsidiary of General Accident Plc, UK), and the purchaser could pursue either scheme. Ultimately, the focus shifted to residential, leading to the demise of this proposal and, ultimately the Elan Tower (1997) and Altair (2000).
Sourced from: Pottinger, P. 1990. "Kings Cross tunnel site is on the market - at $55m". The Sydney Morning Herald, April 10: 29.
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