Four residential towers could replace dozens of shops in Neutral Bay town centre.

By ANNA USHER

Four towers up to 12 storeys high could replace dozens of Neutral Bay businesses currently trading in The Grove shopping centre and Theo’s Arcade.

A large-scale planning proposal by Arkadia, the company owned by locals the Karedis family, was submitted to North Sydney Council on October 30.

It shows two, 12-storey towers, an 11-storey tower and a nine-storey building to be known as “Grosvenor Quarter” at 166-178, 184-192 and 198-214 Military Road.

The redevelopment would include 148 units, commercial spaces, a new community centre, pedestrian links and landscaping works.

If approved, parts of the development will more than double the current 16m building height limit, with the new towers standing up to 45m tall.

In its plans, Arkadia stated the development would help “deliver diverse housing options that meet the needs of the North Sydney community”.

“The proposed redevelopment of the site (includes) a new community centre, a vibrant mix of retail and commercial uses as well as residential dwellings above will enhance the Neutral Bay local centre,” the plans say.

“It will be a local destination that combines a vibrant mix of retail, hospitality and employment uses that enhance the village character of the Neutral Bay town centre.”

The development is the latest “super structure” planned for Neutral Bay, which also looks set for two supermarket upgrades offering mixed use commercial and residential, multi-storey housing.

In a statement, a North Sydney Council spokesperson said the Arkadia D.A would “undergo a detailed assessment” before being presented to a council meeting.

The Sydney North Planning Panel is expected to assess the proposal at a future date.

We’d love to know what you think of the explosion of development in Neutral Bay. Email [email protected]