Chatswood Chase Sydney

Chatswood Chase

Archer Street entrance to Chatswood Chase Sydney
Location	Chatswood, New South Wales, Australia
Coordinates	33°47′39″S151°11′10″E / 33.794180°S 151.186019°E / -33.794180; 151.186019
Address	345 Victoria Avenue
Opening date	23 March 1983 (1983-03-23)
Management	Vicinity Centres
Owner	Vicinity Centres (51%) GIC (49%)
No. of stores and services	204
No. of anchor tenants	3
Total retail floor area	63,619 m2 (684,789 sq ft)
No. of floors	4
Parking	2,434 spaces
Public transit access	Chatswood railway station
Website	chatswoodchasesydney.com.au

Chatswood Chase is a shopping centre in the suburb of Chatswood on the Lower North Shore of Sydney, Australia.

Food court

Centre court

History

In the early 1970s, Willoughby Council developed the Chatswood Plan which marked Chatswood as the centre of future community infrastructure and emphasised the council's ongoing commitment to retail development. It had hopes that it would ensure the town centre's continuing importance as a regional retail centre. David Jones submitted a proposal to build a shopping centre that would contain two department stores David Jones and Myer. on a site in Archer Street. In 1975 the site in Archer Street was given an Interim Development Order. David Jones's rival Grace Bros had also proposed to build a shopping centre containing a supermarket and another department store adjacent to its existing store which opened in 1961 on Victoria Avenue. In 1978 the David Jones proposal was approved after disputes between Grace Bros and the State Government.

Pre-development work on Chatswood Chase had begun in 1981 before Grace Bros dropped its final legal challenge. The works involved demolition of residential cottages and the church that stood on the site which was later reconstructed on an adjacent block of land. Sections of Neridah Street and Mills Lane were permanently closed and incorporated into the site and an open natural watercourse piped and diverted.

It developed by Loralt Chatswood, with Loralt (NSW) Pty Ltd and the Superannuation Fund Investment Trust each owning 50%. In November 1987, Loralt took full ownership. Loralt was owned by Melbourne investors Maurie Alter, Marc Besen, Ted Lustig and Max Moar. ^[1] The centre was completed in 14 months. ^[2]

Chatswood Chase officially opened on 23 March 1983 by and was the first large scale shopping centre after the opening of Wallace Way and Lemon Grove in the 1980s. The centre contained a Coles New World supermarket, Kmart, David Jones and it was the home to the only Myer store in NSW until the early 1990s then briefly became Grace Bros before closing altogether. This made Chatswood the only suburb in Sydney to have two Grace Bros stores around this time. The space vacated by Grace Bros became a food court and speciality stores. ^[3]

In September 2003 it was sold to the CFS Gandel Retail Trust. ^{[4] [5]}

In 2007 a large and extensive redevelopment, growing the centre's gross lettable area by approximately 10,300 m² commenced. Total cost was around $185 million. ^[6]

The trust previously reported the acquisition of an adjoining office building at 19 Havilah Street in Chatswood and has since also secured an option to purchase the access lane to Chatswood Chase off Malvern Avenue to facilitate the proposed redevelopment. ^[7]

This involved relocating Coles supermarket into a larger retail area, undertaking a major extension to the lower ground retail space, the introduction of a new food court, the addition of approximately 130 new car parking spaces and an upgrade to the Victoria Avenue entrance. Work on the expansion concluded in 2010 and the centre was renamed to Chatswood Chase Sydney. ^[8]

Apple opened its second Apple Store in Australia on 9 August 2008. ^[9]

In August 2012, Harvey Norman closed its store due to poor sales and was replaced by JB Hi-Fi. ^[10]

In November 2017, GIC purchased a 49% shareholding. ^[11]

Tenants

Chatswood Chase Sydney has 63,815m² of floor space. The major retailers include David Jones, Kmart, Coles and Apple.

Proposed 2019 redevelopment

In May 2019, an expansion to the shopping centre was announced. ^[12] The $327 million expansion included two new levels of shops, a seven screen cinema and "sunken oasis" dining plaza, served by extended trading hours and with an on-site gym and wellness facility. ^{[13] [14]} However on 10 June 2020, this redevelopment was postponed indefinitely due to the ongoing COVID-19 pandemic. ^[15]

Transport

The Metro North West and North Shore lines offer frequent services to Chatswood station which is a short walk from the centre.

Chatswood Chase has bus connections to Sydney CBD, North Shore and Northern Sydney, as well as surrounding suburbs. It is served by Busways, CDC NSW and Keolis Downer Northern Beaches services with bus stops on Victoria Avenue and Archer Street.

Chatswood Chase also has multi level car parks with 2,434 spaces.

Incidents

On 21 July 2019, a 52-year-old man committed suicide by jumping from an upper floor after attempting to murder his 14-year-old daughter, who survived with minor injuries. ^[16]

References

1. Chatswood Chase offered quietly Australian Financial Review 8 January 1991
2. Chatswood History.
3. Chatswood CBD- History and Heritage Willoughby District Historical Society
4. Chatswood Chase price tops $475m Australian Financial Review 20 September 2003
5. The mall master Australian Financial Review 20 May 2004
6. "Chatswood Chase" . Retrieved 4 October 2016.
7. "Project: Chatswood Chase Shopping Centre - Refurbishment and Expansion (MP 06_0301)". 30 March 2011. Archived from the original on 30 March 2011. Retrieved 7 September 2017.
8. "Colonial First State Development announcements". Archived from the original on 26 September 2012. Retrieved 17 October 2012.
9. "Inside Apple's new Chatswood store". CNET . Retrieved 7 September 2017.
10. "Price tag too high for too many". The Australian . Retrieved 7 September 2017.
11. GIC, Vicinity exchange $1.1b shopping centres Chatswood Chase, QVB, The Strand Australian Financial Review 6 November 2017
12. $100m Chatswood Chase expansion and upgrade approved Findlaw Australia
13. "Chatswood Chase Redevelopment Plans". North Shore Mums. 11 August 2019. Retrieved 26 September 2019.
14. "Chatswood Chase reveals plans for $403 million expansion with new cinema, longer trading hours". Daily Telegraph . Retrieved 26 September 2019.
15. "Chatswood Chase redevelopment delayed by COVID19 as new retail hub gets set to Lane Cove". Daily Telegraph. Retrieved 22 March 2021.
16. Man dies from fall at Chatswood after teen girl stabbed (news.com.au)

External links

Official Website