The $900 million mixed-use precinct has been recognised as a state significant development. The precinct will be the catalyst for the urban revitalisation of Waterloo, sustainable job creation and a truly integrated mix of community facilities, commercial space, and new homes including social and affordable housing.
The Waterloo Metro Quarter development includes four buildings above and next to the station. It includes two high-rise and two midrise buildings in a developable area of just under 70,000 sqm. It will provide a mix of commercial and residential premises and student accommodation.
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.