Sydney-based retail and dining precinct Skittle Place will lure in more high-end retailers due to the high occupancy rate of the five-star hotel, SKYE Suites Sydney, which sits above the precinct, according to owner Crown Group.
Additionally, office workers are returning to the CBD as Covid-19 restrictions are lifted, which is driving a recovery for local retailers from market loss last year due to the lockdown, said Michael Charlton, Crown Group general manager of commercial and retail.
“Crown Group is carefully curating the retail tenancy mix to ensure that it is complimentary with the other existing tenants, hotel guests, apartment occupiers and surrounding office workers,” Charlton said.
“Our vision for Arc by Crown Group’s retail precinct is a mix of high-end, quality restaurants, cafes, wine bars and fashion retailers catering to the well-heeled, fashionable clientele who stay at SKYE Suites Sydney as well as those living in the development having purchased one of the development’s luxurious apartments.”
Charlton added that the tenancy mix of office workers surrounding the location of Skittle Place at Clarence Street has improved significantly. Financial services and banks, as well as architects and lawyers, have given a regular, high earning customer base.
Skittle Place has Japanese restaurant Michi Izakaya Ramen, Grew and Co. Fine Jewellery and French restaurant Meu Jardim.
There are three retail tenancies still available for lease. Arc by Crown Group has 220 luxury residential apartments which are mostly sold and 161 rooms at the SKYE Suites Sydney.
SKYE Suites previously announced it will be the official hotel partner of the Afterpay Australian Fashion Week for the next three years.