The decision comes after two years of planning and construction by Apple to see the project to completion, with a number of sources confirming the cancellation yet stopping short of giving a reason why, according to a report from ifoAppleStore.com.
ifoAppleStore.com goes on to reveal that financial implications may be the cause of the now-defunct project, citing troubles with the store’s construction:
“In February 2012 the primary contractor for the project filed for bankruptcy, temporarily stalling work. But within two months, construction on the building began anew. Since then, tipsters have repeatedly reported that the store’s grand opening was being pushed back.”
In January of this year the Sydney Morning Herald got a sneak preview of the site plans submitted to the region’s council. At the time, drawings showed that the store would be installed across 18,000 square-feet on a ground floor and mezzanine levels inside the heritage building, with large-scale internal renovations and restoration included.