Plans for a mixed-used precinct that will include a 25-storey student accommodation tower and a 30,000 sqm workplace building have been launched.
The Waterloo Metro Quarter aims to take advantage of the growing Sydney Metro by supporting the continued evolution of Waterloo into a vibrant place to live, work and relax.
Developers Mirvac have teamed up with John Holland to launch the $900 million masterplan which will feature retail laneways and open plazas, with a total of 600 construction jobs created and an estimated completion date set for 2024.
Mirvac’s Chief Investment Officer, Brett Draffen, said: “With more people choosing to work closer to home in lower density, green environments, Waterloo Metro Quarter is designed to unlock the value of the metro.”
Mr Draffen added that the site’s location is primed to capitalise on the growing demand for easily accessible, top quality workplaces that are equipped with all the mod cons that are expected in state-of-the-art precincts.
It will deliver a significant workplace offering just minutes from the CBD, Barangaroo and North Sydney via the Sydney Metro.Mirvac Chief Investment Officer – Brett Draffen
“Supported by childcare and health services on the site, alongside retail, dining and open space, this precinct is set to become a vibrant new destination and workplace hub for Sydney,” said Mr Draffen.
The plans also include another 24-storey apartment building as well as 70 social housing apartments and John Holland CEO, Joe Barr, believes the project will put Waterloo firmly on the map.
“We are excited to build on the success of Sydney Metro to create a revitalised Waterloo, with improved community facilities and new social and affordable housing,” he said.
This is a truly integrated development, with complex mass transit being delivered alongside community-oriented development and design.John Holland CEO – Joe Barr