Double Bay, Sydney

Axiom Properties Limited has been selected as the Preferred Proponent to develop a major mixed-use project on the Council-owned Cross St carpark in Sydney’s Double Bay.

Axiom is part of a joint venture including major national construction and development company Built. The $200+ million mixed-use scheme will include public and private car-parking, a Palace cinema, retail, residential apartments and other facilities.

The announcement comes following an exhaustive 2-year Expression of Interest campaign run by Council, and now gives the Axiom / Built. consortium the right to enter into exclusive, direct negotiations with Council to agree terms under a Project Delivery Agreement.

The announcement of the Preferred Proponent is a milestone for Woollahra’s long-held ambitions to revitalise the Double Bay suburb, and gives the Council and consortium a great opportunity to transform this strategic site into a spectacular and unique complex.