Neutral Bay’s busiest supermarket will be demolished and replaced by a “mixed-use village” in a $170 million project just lodged with North Sydney Council.
Grocery giant Coles is set to turf out rival competitor Woolworths from 41-43 Grosvenor St in November 2024 after secretly purchasing the 4282 sqm site in 2013.
The prime location is currently one of the top-performing supermarkets in the country.
A $170 million redevelopment proposal has just been lodged with North Sydney Council.
In a Development Application submitted by Coles Group Property Development Ltd on September 1, the four-stage project will see the existing building bulldozed and replaced by a Coles shopping centre, a Vintage Cellars and two additional shop front areas at ground level.
The mixed-use development will also provide three levels of basement parking for 267 vehicles, with the outdoor car park converted into a public plaza.
The site will comprise a new Coles, Vintage Cellars and 73 apartments if the Development Application is approved.
Above the retail business will be seven levels of housing comprising 72 apartments and a community centre.
The apartment mix includes 11 x one bedroom, 27 x two bedroom, 30 x three bedroom and 4 x four bedroom units.
The Grosvenor St Car Park is located on land owned by North Sydney Council.
SJB Architects told the website Urban the plans will re-imagine Neutral Bay as a vibrant village neighbourhood with a green, porous, flexible and accessible heart.
“Situated right at the heart of Neutral Bay, the site has the potential to be a place truly ingrained in the community,” a spokesperson said.