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In 2023, I posted an entry on the fire that destroyed the Australian Mercantile Land & Finance Co. Building at Ultimo in 1992.
At the time of the fire, the site was facing redevelopment. In 1989, Essington Developments Lrd. (owned by Kerry Packer) proposed a plan to convert the building into a hotel and apartment building. There would be 150 apartments along with a four star hotel. A small office building along with retail would also be provided. The redevelopment was projected to cost $200 million.
Source: Dixon, A. 1989. "New life for a grand old building" . The Sydney Morning Herald, March 29: 2.
The restoration of the former woolstore would have been similar to the Goldsborough Mort Woolstore located further up Harris Street. However had this had gone ahead and there was no fire to the woolstore itself, it have meant that those in Ultimo would not have the Ian Thorpe Aquatic Centre which occupies part of the present site. The Harry Seidler-designed building is a local landmark in itself.
Related Entry
1992: Ultimo's Australian Mercantile Land and Finance Co. Building destroyed by fire
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