Chef Neil Perry says activity and life has returned to Sydney’s eastern suburbs “villages” after committing to a 10-year lease for a new neighbourhood restaurant that will open in May in leafy Double Bay.

The as yet unnamed restaurant will anchor Pallas House Sydney, a low-rise building at 30-36 Bay Street, which developer Fortis acquired for $32 million in 2019 and is repositioning as an A-Grade commercial offering at a cost of $12 million.