Waterloo integrated station development
The new Sydney Metro integrated station development at Waterloo, called the Metro Quarter, will revitalise the Waterloo precinct and improve community spaces in the inner city for generations to come.
The Metro Quarter development will comprise five building envelopes including three towers and two mid-rise buildings above and adjacent to the station. The total developable area is just under 70,000 sqm/GFA with an end value close to $1bn AUD.
Under the plan, at least five per cent of homes will be affordable housing and 70 apartments will be set aside for social housing. There will be new community facilities, more trees planted, retail and office space and two new public plazas at Cope Street and Raglan Street.
John Holland and joint venture development partner Mirvac will invest up to $20 million in work with Aboriginal-owned enterprises and double the Government’s Aboriginal workforce participation target to five per cent.
The project will create more than 2,000 jobs and is expected to be completed around the time Sydney Metro City & Southwest opens in 2024.