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Just shy of 12 months after the “once-in-a-generation” $1-billion plans for the redevelopment of the InterContinental Hotel at Double Bay were revealed, the project has been approved.
The Sydney Eastern City Planning Panel’s approval of the mixed-use redevelopment at 33 Cross Street heralds the end of an era for the iconic hotel, 5km east of Sydney’s CBD.
Sydney developers Capitel Group managing director Eduard Litver and Rebel Property Group managing director Allen Linz are leading the precinct development.
The existing six-storey hotel will be demolished to make way for an eight-storey Cox Architecture-designed precinct.
The landmark building will comprise high-end retail and dining, boutique accommodation, commercial offices, a wellness centre, a limited collection of luxury residences and public domain improvements.
“This approval marks a major milestone for Double Bay and reflects a shared commitment to see the village continue to evolve,” Linz said.
“We look forward to contributing something that will enrich the community and strengthen its appeal as Sydney’s premier harbourside destination.”
Litver said the project would make a lasting contribution to Double Bay’s future.
“This site has long been part of Double Bay’s identity and this approval allows it to play an even greater role in the community’s future,” he said.
“The project will deliver new retail and hospitality spaces that support local life and business, contributing to the ongoing vitality of the village.”
Project development consultancy Metis Group director Arian Galanis said the team would now focus on the delivery of “a project of enduring quality that will stand as a benchmark for mixed-use, lifestyle-led development in Sydney”.
The hotel was once popular with the rich and famous—Princess Diana and David Bowie were guests. Tragically, INXS lead singer Michael Hutchence was found dead in one of its suites in 1997.
