New alfresco dining precinct planned for Chatswood

New alfresco dining precinct planned for Chatswood
New alfresco dining precinct planned for Chatswood

A new alfresco restaurant, café and shopping hub will form part of investment group FKP’s refurbishment of a 15-storey commercial building in Chatswood on the Sydney North shore.

The outdoor piazza to be called The Avenues will be developed outside 465 Victoria Avenue in the western precinct of Chatswood bordering Railway Street, Brown Street and Victoria Avenue and is due for completion in mid-2012. 

It will contain seven retail spaces ranging in size from 61 square metres to 255 square metres totalling about 1,100 square metres of retail space as well as public seating, grassed areas and open spaces. 

About 360 square metres of space on the mezzanine level inside the building is also zoned for potential retail use. 

A spokesperson for the project says FKP will be seeking retail rents in the region of $750 per square metre. 

Restaurant operators are expected to take up the bulk of the retail sites. 

The spokesperson says obtaining pre-commitments for the office tower will be key to attracting restaurateurs. 

The Avenue will provide a pedestrian thoroughfare to the Chatswood Rail Interchange, which services about 70,000 commuters a day and is also situated near “Eat Street” on the other side of Railway Street. 

“Eat Street” includes the Bavarian Bier Café, Mamak Malaysian Restaurant and the Three Beans Café.

Noteworthy nearby restaurants include Fook Yuen Chinese Restaurant, Rocket Modern Australian, and Fiorenzoni Italian. 

A rotunda will be built on the corner of Railway and Brown Streets aimed at attracting a signature restaurant and possibly a wine bar catering for office workers on weekdays and residents and families on weeknights and weekends. 

Other developments in the area include three towers called The Metro Residences featuring 553 apartments, which are about to be built above the Interchange in a $500 million complex called The Metro Residences. This will bring a further 1,500 people to enliven the precinct from day to night, and add to the activity generated by WILLOUGHBY Council’s $200 million entertainment quarter called The Concourse which will open in September.

Larry Schlesinger

Larry Schlesinger

Larry Schlesinger was a property writer at Property Observer

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