InterContinental Double Bay to make way for $1BN mixed-use precinct
Sydney’s InterContinental Hotel in Double Bay will be demolished following approval for a A$1 billion mixed-use redevelopment at 33 Cross Street, granted by the New South Wales government’s Sydney Eastern City Planning Panel. The decision comes eleven months after the application was lodged by a consortium led by developers Allen Linz and Eduard Litver.
The six-storey hotel will be replaced by an eight-level COX Architecture–designed building comprising luxury residences, boutique accommodation, high-end retail and dining, commercial offices and a wellness centre. Pricing for the residences has not yet been set.
Rebel Property Group, headed by Allen Linz, and Capitel Group, led by Eduard Litver, said the project will catalyse the ongoing renewal of Double Bay’s retail village.
Linz described the approval as the culmination of a constructive process.
“We welcome Woollahra Municipal Council’s decision and thank them for their constructive and professional approach,” he said. “This approval marks a major milestone for Double Bay and reflects a shared commitment to see the village continue to evolve.’’
Mr Litver said the development would deliver new retail and hospitality spaces “that support local life and business, contributing to the ongoing vitality of the village”.
Metis Group director Arian Galanis, who led the planning process for the owners, said attention now turns to delivery. The partners acquired the hotel for more than A$215 million last year and have previously collaborated on Pacific Bondi Beach, The Cosmopolitan Double Bay and Pier One Sydney.
“Double Bay has experienced a complete renaissance in recent years and has benefited from many high quality mixed-use projects that have brought more residents and premium retail and office offerings into the Double Bay village,” the developers last year said in a statement to The Australian.
The site’s storied past includes stays by Princess Diana, Elton John and Madonna; it was also where Michael Hutchence was found dead in 1997. The property last changed hands among Chinese multinationals in 2017 as offshore interest in luxury assets peaked before subsequently cooling.
The redevelopment will target affluent downsizers.
Jonathan Jackson, 13th October 2025
