Planning approval has been granted to begin construction on Barangaroo’s first residential buildings, which have stunning waterside views and a combined investment value of $100 million.
The Department of Planning and Infrastructure has approved the two residential buildings at Barangaroo South, known as R8 and R9, following the assessment of an application lodged by Lend Lease.
The R8 building will be 9-11 storeys and include 82 apartments and ground floor retail space, while R9 will include 77 apartments and a retail area.
Chris Wilson, the department’s Executive Director for Development Assessment Systems and Approvals, said the approval would assist in the ongoing renewal of the Barangaroo site.
“The buildings were reviewed by the NSW Government Architect’s Office, which found they achieve design excellence and are appropriate for a waterfront setting,” Mr Wilson said.
“They will provide housing close to transport and employment and the department is satisfied the construction of the buildings will have no detrimental amenity or environmental impacts.
“Around 600 full-time jobs will be created during the construction of the residential buildings and an estimated 135 jobs will be ongoing following the completion of the project.”
Mr Wilson said the projects were approved after consideration of several issues, including the bulk and scale of the buildings and site remediation.
“This project is consistent with the previously approved concept plan for Barangaroo and also meets objectives in the draft Metropolitan Strategy for Sydney as it will create much needed dwellings for Sydney’s growing population.”
Source: ProjectLink.com.au
Expotrade Australia Pty Ltd
Suite 1, Level 1, 2 Brandon Park Drive
Wheelers Hill VIC 3150 Australia
Tel: +613-95450360
Email: info@expotrade.net.au