Double Bay $100 million apartment site consolidation on Cross Street

A commercial property in Sydney’s Double Bay has been snapped up in an off market deal with the SJD apartment development group paying a reputed $45 million.

The property, Bay Village at 28-32 Cross Street has a site area of around 1,030 sqm. 

SJD also recently secured the neighbouring property - an apartment development site from veteran property developer Bill Roche for $54.6 million. 

Most of the Double Bay agents are overseas on holidays, but the chatter at a mid-week art gallery opening onsite, suggested the unconfirmed selling agents were father son team, Craig Pontey of Ray White Double Bay and Matt Pontey of Colliers International.

Double Bay, having been crippled by the opening of the Westfield Shopping Centre in Buckhurst Street, is regaining its momentum after newly built prestige residential complexes, the reopening of the major hotel, a new library and the Kiora shopping space.