Long-standing Double Bay shopping centre Roma Arcade could soon be transformed into a high-end mixed-use hub featuring hotel rooms, office spaces, and retail stores.
Background of the Redevelopment Proposal
The Roma Arcade, located on New South Head Road in Double Bay, was purchased in March 2024 by education entrepreneur Adrian Fonseca and his wife Nancy Reardon-Fonseca for approximately $21 million.
Mr Fonseca, who serves as the deputy president of the GWS Giants and is the founder of Oxanda Education, bought the property with his wife as part of a vision to revitalise the area. This acquisition marked the first time in decades that the arcade changed hands, making it a significant transaction for the Double Bay community.
Details of the Proposed Development
The Fonsecas’ plan – DA 393/2024 lodged with Woollahra Council – proposes demolishing the existing arcade structure to make way for a five-storey complex with a mix of functions designed to attract both locals and visitors.
According to the planning documents prepared by GSA Planning, the new development would house three levels dedicated to retail and office space and feature 15 studio-style hotel rooms across the third and fourth levels. Each hotel room would be designed with ample natural light and small balconies to provide an open, airy feel, appealing to tourists seeking a boutique experience.
According to the proposal, the rooftop will be transformed into a terrace, adding an extra community-oriented element for relaxation and gatherings. Fonseca’s team has indicated that the new centre will blend well with Double Bay’s “desired future character,” aiming to create a high-quality, modern space that fits within the area’s growing commercial and social environment.
Community Impact and Economic Potential
The proposed redevelopment is expected to generate new employment opportunities for Double Bay, replacing the existing structure with a facility that incorporates retail, office, and accommodation elements. Planners believe that the new complex will draw in more visitors and contribute to the local economy by providing additional shopping, work, and stay options.
The hotel rooms, especially, are expected to attract tourists and business travellers, further boosting local businesses and encouraging longer stays in the area.
Oliver Meehan, head of development at Oxanda Education, describes the Roma Arcade project as a vital part of Double Bay’s “tremendous revitalisation,” aiming to bring modern amenities and high-quality architectural design to the neighbourhood. By focusing on both retail and office spaces, as well as accommodation, the development offers more varied business opportunities than the existing structure, which has historically hosted a smaller selection of shops.
Next Steps and Community Response
Pending council approval, the redevelopment will move forward, with the demolition and construction phases likely to follow shortly after. Woollahra Council’s decision will weigh the potential benefits of increased economic activity and tourism against considerations from local residents and business owners who may be impacted by construction.
Community members and stakeholders are encouraged to provide feedback during the planning review process to ensure the redevelopment aligns with the needs and expectations of Double Bay’s residents.
Published 15-Nov-2024