Council has approved an alternative approach to the NSW Government’s redevelopment of the Waterloo housing estate.
The estate covers an area bounded by Phillip and McEvoy streets and Pitt and Cope streets in Waterloo.
The state government’s recently announced proposal would see the number of homes triple to 6,800 homes, two-thirds of which will be in 17 towers up to 40 storeys high.
Despite the site being public land, the government is proposing 65% of the homes will be private housing, with 30% dedicated as social housing and 5% as affordable.
The government’s proposal includes 2 parks that would be overshadowed by the towers.
The City of Sydney’s approach includes:
- up to 5,300 homes
- retaining the 30 storey Matavai and Turanga towers
- other buildings varying from 4 to 13 storeys
- 2.2 hectare park as the centrepiece
- 50% social housing, 20% affordable housing, 30% private housing.
A significantly larger park would be the centrepiece of this approach for the precinct. It would occupy 2.2 hectares and receive more than the minimum required levels of sunshine.
Find out more about the City of Sydney's proposal for Waterloo.