Double Bay’s new $1b village to replace InterContinental
The InterContinental Double Bay hotel is set to be replaced with a $1 billion lifestyle precinct that its owners believe will be the “final piece of the puzzle” that transforms one of Sydney’s most salubrious suburbs into a global destination.
Its owners, property figures Allen Linz, Eduard Litver and Mervyn Basserabie, are submitting the project’s development application to Woollahra Council on Thursday. The proposed development has been considerably upsized from the original $700 million project.
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