Chance to help reshape busy commercial strip

June 7, 2018 by  

An important commercial and retail area near Alexandria is set to be transformed.

Expressions of interest are being called by the City of Sydney to update 14,500sqm of prime commercial and retail property in Darlinghurst.

The move, according to a council spokesman, will not only support business but also boost the local economy and attract new visitors.

Lord Mayor of Sydney Clover Moore said the properties, which incorporate 110 to 122, 82 to 106, and 56 to 76 Oxford Street, represent just under half of the street frontage and would be subject to a 99-year lease.

“Oxford Street is one of Australia’s most renowned retail and entertainment strips and is home to independent businesses that attract visitors from across the city and overseas.”

He said potential redevelopment will help attract more visitors, increase opportunities for those living in the area and boost the economy.

Expressions of interest are being invited from experienced operators that have a strong background in refurbishing and redeveloping heritage buildings, and that share a vision for a unique commercial and retail strip with outstanding design.

According to the Lord Mayor, the City of Sydney provides ongoing support through its affordable space programmes for cultural life and small business, which ranges from retail to printing services in the area.

He said the Foley and Oxford Street create spaces today host 90 arts organisations, start-ups and small businesses.