{"id":4101,"date":"2025-02-24T01:57:27","date_gmt":"2025-02-24T01:57:27","guid":{"rendered":"https:\/\/in-greece.com\/index.php\/2025\/02\/24\/bill-gravanis-raises-37-4-million-for-luna-park-revamp-crossroads-hotel-set-for-renovations\/"},"modified":"2025-02-24T01:57:27","modified_gmt":"2025-02-24T01:57:27","slug":"bill-gravanis-raises-37-4-million-for-luna-park-revamp-crossroads-hotel-set-for-renovations","status":"publish","type":"post","link":"https:\/\/in-greece.com\/index.php\/2025\/02\/24\/bill-gravanis-raises-37-4-million-for-luna-park-revamp-crossroads-hotel-set-for-renovations\/","title":{"rendered":"Bill Gravanis Raises $37.4 Million For Luna Park Revamp, Crossroads Hotel Set For Renovations"},"content":{"rendered":"<p> <br \/>\n<\/p>\n<div data-first=\"B\" itemprop=\"articleBody\">\n<p>Bill Gravanis, the new owner of the harbourside Luna Park through his family-run Oscars Group, has raised $37.4 million to fund the park\u2019s major revamp. The money was raised through the sale of The Village on Summer Street mall in Orange.<\/p>\n<p>The mall was co-sold by architect Paul Saunders, who partnered with Oscars to purchase the Central Tablelands shopping center for about $22 million in April 2019. Oscars Group has big plans for Luna Park, aiming to transform it into a top-five tourist destination.<\/p>\n<p>Centennial and its retail joint venture partner, Parkstone Funds Management, purchased the 21,090-square-meter landholding, which includes the 4,947-square-meter mall and an additional 2,573 square meters of developable land.<\/p>\n<p>Centennial executive director Paul Ford emphasized the center\u2019s solid income, driven by a largely non-discretionary retail mix, positive growth indicators in the region, and limited new retail space available.<\/p>\n<p>\u201cWe are well on track to scale our retail portfolio to over $1 billion, just as the retail sector begins to recover,\u201d Ford said.<\/p>\n<p>The deal was facilitated by Steven Lerche of Savills, Nick Willis, Sam Hatcher, and Sebastian Fahey of JLL.<\/p>\n<footer class=\"article-tags entry-footer\">\n<div>\n<strong>Tags:<\/strong><br \/>\nBill Gravanis, Centennial, Crossroads Hotel, Luna Park, orange, Oscars Group, Parkstone Funds Management, Paul Saunders, real estate, renovation, retail, revamp, The Village on Summer Street<\/div>\n<\/footer>\n<\/div>\n<p><br \/>\n<br \/><a href=\"https:\/\/greekcitytimes.com\/2025\/02\/24\/bill-gravanis-raises-37-4-million-for-luna-park-revamp-crossroads-hotel-set-for-renovations\/\">Source link <\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Bill Gravanis, the new owner of the harbourside Luna Park through his family-run Oscars Group, has raised $37.4 million to fund the park\u2019s major revamp. The money was raised through the sale of The Village on Summer Street mall in Orange. The mall was co-sold by architect Paul Saunders, who partnered with Oscars to purchase &#8230; <\/p>\n<p class=\"read-more-container\"><a title=\"Bill Gravanis Raises $37.4 Million For Luna Park Revamp, Crossroads Hotel Set For Renovations\" class=\"read-more button\" href=\"https:\/\/in-greece.com\/index.php\/2025\/02\/24\/bill-gravanis-raises-37-4-million-for-luna-park-revamp-crossroads-hotel-set-for-renovations\/#more-4101\" aria-label=\"Read more about Bill Gravanis Raises $37.4 Million For Luna Park Revamp, Crossroads Hotel Set For Renovations\">Read more<\/a><\/p>\n","protected":false},"author":1,"featured_media":4102,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"iawp_total_views":1,"fifu_image_url":"https:\/\/greekcitytimes.com\/wp-content\/uploads\/2025\/02\/LunaParkSydney-Face-and-Ferris-Wheel-1536x1025-1.jpg","fifu_image_alt":"","footnotes":""},"categories":[2],"tags":[],"class_list":["post-4101","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","no-featured-image-padding"],"_links":{"self":[{"href":"https:\/\/in-greece.com\/index.php\/wp-json\/wp\/v2\/posts\/4101","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/in-greece.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/in-greece.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/in-greece.com\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/in-greece.com\/index.php\/wp-json\/wp\/v2\/comments?post=4101"}],"version-history":[{"count":0,"href":"https:\/\/in-greece.com\/index.php\/wp-json\/wp\/v2\/posts\/4101\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/in-greece.com\/index.php\/wp-json\/wp\/v2\/media\/4102"}],"wp:attachment":[{"href":"https:\/\/in-greece.com\/index.php\/wp-json\/wp\/v2\/media?parent=4101"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/in-greece.com\/index.php\/wp-json\/wp\/v2\/categories?post=4101"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/in-greece.com\/index.php\/wp-json\/wp\/v2\/tags?post=4101"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}