Double Bay – realestatesource https://www.realestatesource.com.au Commercial and residential property news Mon, 18 Jun 2012 11:45:46 +0000 en-US hourly 1 https://wordpress.org/?v=6.9.4 https://www.realestatesource.com.au/wp-content/uploads/2024/03/rsfav-100x100.png Double Bay – realestatesource https://www.realestatesource.com.au 32 32 Major Developments Set to Start in Double Bay, Sydney https://www.realestatesource.com.au/major-developments-set-to-start-in-double-bay-sydney/ Mon, 18 Jun 2012 11:45:46 +0000 http://realestatesource.com.au/wordpress/major-developments-set-to-start-in-double-bay-sydney.html ONE of Sydney’s most exclusive suburbs is about to see a rise in apartment skyscraper activity.

This month, it is expected authorities will approve a $65 million plan to revitalize Double Bay.

The Kiaora Lands site on New South Head Road, of which a redevelopment proposal has been discussed for more than a decade, will make way for one of the suburb’s bigger proposal. Two new commercial sites will replace existing aged care buildings.
]]> 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.

]]> New Plans Lodged For Ritz Carlton Hotel, Sydney https://www.realestatesource.com.au/new-plans-lodged-for-ritz-carlton-hotel-sydney/ Tue, 08 Feb 2011 11:46:03 +0000 http://realestatesource.com.au/wordpress/new-plans-lodged-for-ritz-carlton-hotel-sydney.html NEW plans have been lodged to redevelop the notorious, but rundown Sydney hotel where INXS lead singer Michael Hutchence died.

The former Ritz Carlton hotel – which was later rebranded the Stamford Plaza before closing in 2009 – has been the site of a development dispute for some years.

A previous owner, Ashington, planned to build a high rise mixed use project with a hotel and apartment tower, but could not get its proposal through council.

The hotel sits in Sydney’s exclusive eastern suburb of Double Bay, and the council has been strict, up until now, that developers build within a five level height limit. The Stamford Hotel however is six levels.
]]> The new proposal, detailed in the AFR, would see part of the site replaced with a nine level building, with 93 flats and parking for 154 cars. A retail component would be at the lower levels.

Identities known to have stayed at the hotel include former US President Bill Clinton and pop singer Madonna.

 

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