After 10 years of financial uncertainty, construction has begun on 55 seniors’ living apartments plus two new bowling greens and a new community venue at the historic Club in Sydney’s Eastern Suburbs.
As we reported here, the Australian property group snapped up the site in January for a rumoured $30 million.
Built in 1893, the Bowling Club is one of Sydney’s oldest and has been struggling financially for many years.
In 2010, the Club did a deal with Easts Group, the owners of the Sydney Roosters NRL team, who committed to the Club as long as it remained profitable.
When it didn’t, Easts proposed moving the Club to North Bondi and replacing it with a 90-unit retirement village and childcare centre.
But the plan was defeated by a community campaign and Easts was forced to go back to the drawing board.
The new development – which is an over-55s development, not a retirement village – will be building over four buildings ranging from two to six storeys with the new clubhouse plus a café, bistro and bar at the ground level.
The apartments will go on sale later this year with the development expected to be completed in time for the Club to celebrate its 130th anniversary in 2023.