Tweet Facebook Mail Gretel Packer has purchased the historic Metro-Minerva theatre in Sydney's Potts Point for a reported $25.85 million. The heritage-listed building on Orwell Street was set to be converted into a luxury boutique hotel with a 250-seat auditorium by developers Central Element.
The planning proposal drew protests from hundreds of residents, who launched the Metro-Minerva Theatre Action Group to preserve the venue for its original use. READ MORE: Secret Service says Trump shooting agency's biggest 'failure' in decades Gretel Packer has purchased the historic Metro-Minerva theatre in Sydney's Potts Point for a reported $25.85 million.
(SMH/ Louie Douvis) Central Element put the site on the market just weeks after the development was approved to focus on its ultra-luxury residences. Packer is reported to have bought the site through her company, Sacred Firebird which is co-run with the manager of her family office, Glen Selikowitz. Potts Point residents celebrated the sale in a local community Facebook group.
READ MORE: Harris wins key endorsement, pays tribute to Biden's 'unmatched' legacy Gretel Packer attends the Australia premiere of "The New Boy" at the Sydney Film Festival 2023 opening night at State Theatre on June 07, 2023 in Sydney, Australia. (Photo by Lisa Maree Williams/Getty Images) (Getty) "Gretel has answered the call and I feel very comfortable with the building in her hands. She knows the building's history and has a keen interest in .