Westfield Sydney Central Plaza, located in the centre of the SydneyCBD 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 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 third-party retail stores 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 second largest Myer in the world (after Myer Melbourne which is over 70,000m2). Built on 8 levels plus a mezzanine above the 2 level retail centre. There are also connections to Mid City Centre, Westfield Centrepoint and Queen Victoria Building.
The Westfield Group is also currently developing the adjacent Westfield Sydney (formerly Westfield Centrepoint). This development incorporates the former Imperial Arcade and Skygarden shopping arcades which Westfield agreed to purchase in August 2004.