Sydney CBD’s Midtown precinct is receiving a facelift, with a variety of new shops and eateries opening their doors in the area.
Castlereagh Street has been at the centre of the facelift, with at least three former bank branch locations between Park Street and Liverpool Street being taken over by trendy new tenancies.
Ray White Commercial South Sydney sales and leasing executive John Skufris said the area was growing rapidly.
“The Porter House Hotel Sydney – MGallery has opened at 203 Castlereagh Street with 122 guest rooms,” Mr Skufris said.
“The building was historically used by tobacco and leather merchants and now also houses hospitality venues including Dixson & Sons, Henry’s Bread + Wine, and Spice Trader.
“Solemate Sneakers will relocate to a neighbouring retail space beneath the new Castle Residences apartments at the intersection of Bathurst Street with 131 Manhattan style residences above. The ANZ previously had bank branches at both sites prior to the redevelopment.
“The former NAB branch at the ground floor of 255 Castlereagh Street is now known as the Bar Macau pub and is located opposite the Downing Centre.
Mr Skufris, along side TGC’s Adam Hennessy, are leasing agents for 219 Castlereagh Street and said the former Bank of Sydney branch on the ground floor is set to be transformed, with The Meat & Wine Co. opening a premium venue in the coming months.
“219 Castlereagh Street recently completed two lease renewals and welcomed two other commercial tenants to the building,” Mr Hennessy said.
“There is a limited selection of fitted and furnished offices from between 350sqm – 700sqm in perhaps the only building in Sydney’s midtown precinct that offers tenants a concierge service, exclusive use balcony areas, and access to gym facilities.”
Mr Skufris is also the leasing agent for an office of circa. 213sqm at Level 11, 265 Castlereagh Street, and said the Midtown precinct was becoming a more desirable location for tenants.
“This part of town is now surrounded by really good restaurants and brand new shops. This area is really picking up, the only way the city can really grow is south”.