Property developer Toga’s plans for its redevelopment of a Surry Hills shopping centre and the heritage-listed former Bank of New South Wales building has been approved by the City of Sydney.
Toga, developer and builder on the project, plan to kick off construction on the Surry Hills Village in the second half of 2020, with plans to open late 2023.
The SJB-designed mixed-use development will include up to 154 one, two and three-bedroom apartments.
While approximately 12,000sq m of the development will span retail and commercial office space on the corner of Cleveland & Baptist Street.
Toga purchased the site in 2015, lodging plans for the $148.9 million redevelopment late last year.
The masterplanned precinct will incorporate landscaped green areas, a 517sq m public park, along with a pedestrian laneway linking Marriott Street and Baptist Street.
A return to the area, Toga completed the Crown Street Women’s Hospital redevelopment into the Adina Apartment Hotel in 1994.
Toga chief executive Fabrizio Perilli says the latest development pays homage to the precinct’s history.
“Surry Hills Village is surrounded by a melting pot of the city’s finest restaurants, bars, art, music and culture.
“We’re very proud to be leading the revitalisation of this iconic site.”
Last week the group won approval for the first stage of its residential apartment development in Penrith.