A new commercial and hotel space will soon be built on Victoria Avenue after the Sydney North Planning Panel recently approved Cromwell Property Group’s development application.
The plan, submitted to the Willoughby Council in 2018, underlined the erection of a four-storey building for commercial use, as well as a 15-storey hotel, which will be built on the adjacent street.
Two existing commercial buildings on the block will also be improved to link with the new structures. Additionally, the development will entail landscaping and other amenities to meet the demands of the public.
Once completed, the hotel will have 156 rooms, a 13-metre lap pool, a restaurant and three event rooms.
Cromwell, which purchased the sites in 2006, confirmed in a press release that the Victoria Avenue development will cost $75 million.
“There is an opportunity to augment the amenity in Chatswood particularly for the growing professional and residential population. When complete, Victoria Avenue will be a vibrant destination for retail, dining and leisure – similar in vision to our landmark Northpoint redevelopment in North Sydney which opened in early 2018,” Cromwell Head of Property Bobby Binning said.
“We are determined to provide our tenants with the best work environment possible in the Lower North Shore.”
Victoria Avenue in Chatswood is a significant commercial and office area in the Lower North Shore. Located some 10 kilometres away from the CBD, this site is also close to other transport facilities like the Chatswood Transport Interchange (CTI) and the Pacific Highway.