Sydney Central Plaza
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Sydney Central Plaza, located in the heart of the Sydney CBD shopping precinct, on Pitt Street Mall, is the result of a major redevelopment of the former Grace Bros store located on its site. It remains enclosed in the original Grace Bros building however the interior reflects no similarities to the prior disjointed and dysfunctional department store.
When the owners of Grace Bros, the Coles Myer Group decided to redevelop their Sydney flagship store they decided that it would also be appropriate to include retail on the lower levels, thus providing an open link from Sydney's Town Hall subway station and QVB to the Pitt Street Mall, the heart of the city's retailing precinct. The redevelopment was completed in 1998 and has since been purchased by The Westfield Group in March 2003 and currently contains 87 retailers including the massive Myer (formerly Grace Bros until April 2004) store built on 8 levels above the 2 level retail centre.
The Westfield Group also owns the nearby Westfield Centrepoint, and in August 2004 agreed to purchase the Imperial Arcade and Skygarden shopping arcades, thus presenting an opportunity to further develop the sites.
