Oxford & Foley lands Amé, Mecca Coffee & Sony Music

TOGA and Ashe Morgan have signed new hospitality and creative tenants at the Oxford & Foley precinct on Oxford Street, including Amé, Mecca Coffee, Aenza and Sony Music's Australian headquarters.

The tenants are part of a redevelopment spanning three heritage city blocks at the Hyde Park end of Oxford Street, where the owners are seeking to build a stronger day-to-night mix of dining, work and cultural activity.

Amé has recently opened as a Japanese-Peruvian restaurant operated by ESCA Group, which also runs Sydney venues Nour and Aalia. Mecca Coffee and Aenza have also joined the precinct, adding to a roster of hospitality and creative businesses.

Oxford & Foley combines restored heritage shopfronts, office space and a hospitality laneway on Foley Street. The final section of the laneway is due for completion in early 2027, when the broader project is also expected to finish.

Leasing has progressed well, with about 90% of the precinct's retail space either leased or under offer. That leaves only a limited number of retail sites available.

Tenant mix

The latest signings reflect a deliberate effort to reshape this stretch of Oxford Street through a mix of food, drink, office and cultural uses. Sony Music has already established its Australian headquarters at the site, giving the project a major office tenant alongside smaller hospitality venues intended to draw visitors throughout the day and into the evening.

The developers are positioning the precinct around adaptive reuse, retaining heritage shopfronts and linking them to newer commercial space. The Foley Street laneway is central to that approach, creating a smaller hospitality strip behind the main Oxford Street frontage.

Oxford Street has long held a prominent place in Sydney's retail, nightlife and cultural life, though parts of the strip have experienced uneven trading conditions over time. Across the corridor, property owners and operators have increasingly turned to food, drink and creative businesses to rebuild foot traffic and occupancy.

At Oxford & Foley, the leasing profile suggests that strategy is gaining traction. Hospitality tenants can help extend trading beyond office hours, while creative and media occupiers can provide a steady weekday customer base for cafes and restaurants.

Street revival

Ashe Morgan Director Kate Berry said Oxford Street was drawing people back.

"If you haven't been to Oxford Street in a while, now is the time to come back. The energy has returned. People are coming for the coffee, staying for dinner and rediscovering a street that feels alive again," Berry said.

Berry said the commercial case for operators was strengthening as more businesses moved into the area.

"For businesses, the opportunity is clear. The crowds are here, the neighbours are world-class and the momentum is building. Oxford Street has always been where Sydney comes to express itself, and we're proud to be part of its next chapter," she said.

The precinct also drew a visit from Lord Mayor Clover Moore during the City of Sydney's Art & About program, which highlighted Oxford Street's creative and cultural identity through installations, performances and street activity. While the visit does not alter the project's commercial fundamentals, it reflects broader civic interest in restoring Oxford Street's profile as a destination.

For TOGA and Ashe Morgan, the next phase is to secure the remaining retail tenants and complete the laneway works linking the final parts of the precinct. With most retail space already committed or under offer, the focus is shifting from early leasing to how effectively the mix of operators can sustain regular trade across weekdays and evenings.

The current line-up gives the project a mix of restaurant, coffee, office and creative tenants within a heritage setting adapted for contemporary use. About 90% of the precinct's retail space is now leased or under offer.