Foxwoods Hotel: The real estate deal that never happened

The foxwoods has been a property in Sydney for more than a century and has always been a prime target for property developers and development groups looking to build apartments.

Foxwoods Hotel developer Paul Durnan says he never intended to put up a “totally unnecessary” building in the heart of the city.

“We were never intending to build a hotel.

We just wanted to make a home, but also a space that could serve the community,” he said.”

It’s not for the faint-hearted.”

But after years of building on the old site, Foxwoods was forced to close in 2016 due to a lack of funds.

In 2016, the former Foxwoods hotel was sold for $10.4 million to Sydney developer J&Q Properties.

A deal was finally signed in January that would see the former hotel used as the heartland of the development project.

“There was a bit of tension in the building community and the city council felt like it was going to be a good opportunity to build more homes in the area,” Mr Durnam said.

He said he believed it would have been a better use of the site.

“But we were not expecting it to become the site of a hotel,” he explained.

“I think the city wanted to get the hotel out, because it would be a lot more appealing.”

Foxwoods has now been turned into apartments.

The developer hopes to open up the building for apartments in the future.

“The main purpose of the project is to allow us to develop more apartments in Sydney,” Mr J&amps said.

“We have been able to put a lot of emphasis on the community here.”

“It has been really good to be able to bring some apartments here and do that in a really small space.”

He said that was the key to the project’s success.

“As soon as we started talking about the apartments, people said ‘you are going to make the whole building look so good’,” he said, adding it was a positive development for the area.

“That’s why we’ve had so many positive reviews.”

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