Major Developments Set to Start in Double Bay, Sydney
The new commercial buildings – one a four level office which will include a new library, and another a retail complex with a Woolworths, Thomas Dux and speciality retailers, are a joint venture between the Woollahra Council and retail giant Woolworths.
A neighbouring site, the Golden Sheaf Hotel, has also been the subject of a redevelopment proposal.
Not far away, the new owners of the former Ritz Carlton (and known until it closed in 2009 as the Stamford Plaza Hotel) are planning a $68 million eight storey project which will include flats above a shopping centre.
The Stamford site was once owned by Ashington but after it went into administration in 2009, is now controlled by the Alter family and British property magnate Kevin McCabe. On Bay Street, Oceania Property is planning a major 21-unit apartment complex after plans for a prestige development of eight $3 million plus homes failed to arouse the market, where buyers were found to be rare.
