AMP  Capital has submitted the Stage 2 Development Application (DA) for the  commercial office tower within its landmark Quay Quarter Sydney precinct in  Circular Quay.

The  Stage 2 DA lodgement marks another milestone for the Quay Quarter Sydney  development project, the total value of which is approximately $1 billion, and  provides the design for 50 Bridge Street, Sydney.

The  design is the brainchild of Copenhagen-based architect 3XN, which won the Quay  Quarter Sydney international design excellence competition held by AMP Capital  last year.

3XN's  design approaches the tower in a different way: its dynamic, shifting shape and  multi-level atria maximises views out and daylight into the office floors.  The twisting shape also complements the  neighbouring 33 Alfred Street building.

At  the base of the tower is an urban green space available for office workers and  the general public to enjoy views of the Harbour Bridge.  This garden forms the roof for the two-level retail  building below.

AMP  Capital Managing Director Office & Industrial Louise Mason said: "The  design of Quay Quarter Tower will result in a stunning new tower on the Sydney  skyline that will set the benchmark in premium office towers globally.

"It  will be the focal point of a development that will be an exciting new  destination for Sydneysiders and visitors to the harbour city.  The design of Quay Quarter Sydney is intended  to enhance the social and community wellbeing of everyone who works, lives and  visits the precinct and the redevelopment will provide a diverse mix of uses to  create a lively and active area.

"This  is one of a number of important planning and commercial milestones we are  looking to achieve for our investors during the course of 2015/16.  The landmark Quay Quarter Sydney project is a  further demonstration of AMP Capital's long-term commitment to Circular Quay  where it built Australia's first skyscraper and where the company has been  located for more than 50 years."

3XN  Founding Partner and Creative Director Kim Herforth Neilson said: 'We've looked  at the commercial office tower at 50 Bridge Street in an entirely new way: from  the inside out and the outside in.  The  tower is designed as a "vertical village' that takes on board the ambience and  social character of the street.  It also  reflects and maintains the connection to the nearby and world-renowned Botanic  Gardens and Macquarie Place Park, with an emphasis on green space within the  building."

50  Bridge Street is jointly owned by investors in the AMP Capital Diversified  Property Fund and the AMP Capital Wholesale Office Fund.

Details  for the Stage 2 DA will be available when the City of Sydney Council places the  DA on public exhibition on its website.   Construction is earmarked to start in 2017 once the necessary approvals  are secured.  It will take approximately  2.5 years to complete the construction.

For  more information, please visit the Quay Quarter Sydney website www.quayquartersydney.com.au