• Construction of a 5-7 storey mixed use development, incorporating a range of commercial, retail (including a potential supermarket) &amp; residential uses. 
• Total GFA 17575sq m comprising 3,200sq full line supermarket in basement,1,670sq m specialty retail, 2,025sq m commercial &amp; 10,680sq m residential (approximately 121 apartments). 
• Communal open space &amp; facilities at podium &amp; roof-top levels. Car parking for 221 vehicles.

• Construction of a 5-7 storey mixed use development, incorporating a range of commercial, retail (including a potential supermarket) &amp; residential uses. 
• Total GFA 17575sq m comprising 3,200sq full line supermarket in basement,1,670sq m specialty retail, 2,025sq m commercial &amp; 10,680sq m residential (approximately 121 apartments). 
• Communal open space &amp; facilities at podium &amp; roof-top levels. Car parking for 221 vehicles.

Bourke & Young - 923-935 Bourke Street, Waterloo

Neutral Bay Market Place - 3-7 Rangers Street, Neutral Bay

The softening of Sydney's housing market looks to be short-lived, with hopes of an interest rate cut or two in the near term fuelling a slowdown of the slowdown.

October marked the first time in 21 months that the <a href="https://www.urban.com.au/developments/sydney-nsw">Sydney housing market</a> went backwards. Sydney's last decline saw the market contract -12.4 per cent between February 2022 and January 2023.

That doesn't look on the cards this time however, with some positive signs coming at the start of 2025.

In January, house values declined -0.4 per cent and units -0.2 per cent, according to CoreLogic's Home Value Index, better than they both fared in December.

If next month prints even better, it will look like both the house and unit market might give up just two or three per cent of the gains they saw for 21 months until October 2024.

<h2>What happened in Sydney’s off the plan apartment market in January?</h2>

The property market is generally quite quiet in Sydney until after Australia Day when kids return to school and prospective buyers restart their search after the summer break.

There was nothing quiet about the development applications pushed to various councils across Sydney's inner city in January however - with several developers getting back to the desks early and putting their proposals on the desks of local councils.

The biggest plans were revealed in the CBD where&nbsp;<a href="https://www.urban.com.au/developers/billbergia">Billbergia Group</a>&nbsp;and Metrics Credit Partners are teaming up for two 80-level towers that will home around&nbsp;600 apartments, a high-end hotel, retail spaces, and an upgraded public domain.&nbsp;

The duo acquired a&nbsp;6,000 sqm site spanning Castlereagh, Pitt, and Liverpool Streets and intends on starting demolition on the site, subject to approvals, next year.

Read more:&nbsp;<a href="https://www.urban.com.au/news/nsw/billbergia-metrics-propose-two-80-level-towers-in-sydneys-cbd">Billbergia &amp; Metrics propose two 80-level towers in Sydney's CBD</a>

<img alt="Billbergia &amp; Metrics propose two 80-level towers in Sydney's CBD" data-entity-type="" data-entity-uuid="" src="https://res.cloudinary.com/dz9xllyip/image/fetch/f_auto,c_limit,w_1440,q_auto/https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/field/image/fjcstudio%20-%20338%20-%20V2-%20Final.jpg?VersionId=KNbLILH27WtrgtvvaMZzpRfUHeQ6NnK2" />

&nbsp;

In harbourside <a href="https://www.urban.com.au/developments/double-bay-nsw-2028">Double Bay</a>, furniture king Anthony Scali is plotting a redevelopment of the Savoy Hotel on Knox Street.

Scali has submitted plans for a five-level, mixed-use building at 35-45 Knox Street, comprising nine luxury apartments above three ground-floor retail spaces.<img alt="Double Bay makeover to continue as Scali furniture boss plots new luxe apartments" data-entity-type="" data-entity-uuid="" src="https://res.cloudinary.com/dz9xllyip/image/fetch/f_auto,c_limit,w_1440,q_auto/https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/field/image/Plan%20-%20Photomontage%20-%20DA2024%20546%201%20-%2039-41%20Knox%20Street%20DOUBLE%20BAY%20%281%29.JPG?VersionId=JAz.LKybCrHzHwoivGoVjyBML029QMfL" />

Designed by <a href="https://www.urban.com.au/architects/mhn-design-union">MHN Design Union</a>, the $31 million development aims to integrate with the suburb’s established character while catering to a diverse demographic, including families, downsizers, and retirees.&nbsp;

The proposal is part of a broader wave of redevelopment in Double Bay, which includes the $1 billion transformation of the InterContinental Double Bay precinct and other shop-top housing projects in the area.

Read more:&nbsp;<a href="https://www.urban.com.au/news/nsw/double-bay-makeover-to-continue-as-scali-furniture-boss-plots-new-luxe-apartments">Double Bay makeover to continue as Scali furniture boss plots new luxe apartments</a>

Mixed-use projects proved popular in January. <a href="https://www.urban.com.au/developers/fabcot">Fabcot</a>, the development arm of supermarket giant Woolworths, finally submitted its long-awaited plans for its&nbsp;<a href="https://www.urban.com.au/developments/waterloo-nsw-2017">Waterloo</a>&nbsp;shoptop development.

&nbsp;

The $165 million project designed by <a href="https://www.urban.com.au/architects/bates-smart">Bates Smart</a>&nbsp;will include two residential buildings with 110 apartments, a five-level commercial building, and a full-line Woolworths supermarket with specialty retail.&nbsp;

Read more:&nbsp;<a href="https://www.urban.com.au/news/nsw/woolworths-unveils-long-awaited-waterloo-precinct-with-shop-top-housing">Woolworths unveils long-awaited Waterloo precinct with shop-top housing</a>

<img alt="Woolworths unveils long-awaited Waterloo precinct with shop-top housing" data-entity-type="" data-entity-uuid="" src="https://res.cloudinary.com/dz9xllyip/image/fetch/f_auto,c_limit,w_1440,q_auto/https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/field/image/923%20-%20935%20Bourke%20Street%2C%20Waterloo.png?VersionId=2jKvJSrvW5xy_JvUr6rj_QO8pY_OvujU" />

Waterloo is undergoing a major transformation. Adjacent to the site is DASCO's six-building <a href="https://www.urban.com.au/new-apartments/danks-st-district-903-921-bourke-street-waterloo-nsw-2017">Danks Street District</a> which was recently launched to the market.

And the growth in Waterloo is set to continue with joint venture partners&nbsp;<a href="https://www.urban.com.au/developers/mirvac" target="">Mirvac</a> and John Holland changing up their plans for Waterloo Metro Quarter, scrapping offices in favour of co-living and apartment towers.

The $960 million submission will deliver 655 apartments in total, as well as retail spaces and community facilities above the recently opened metro station.

<img alt="First Look: Mirvac, John Holland, submit $960m Waterloo Metro Quarter plans" data-entity-type="" data-entity-uuid="" src="https://res.cloudinary.com/dz9xllyip/image/fetch/f_auto,c_limit,w_1440,q_auto/https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/field/image/MIR_WAT_VIEW_12_FINAL_V2.jpg?VersionId=X5IF2ucStjwn0HHuziLE5sXwgS0eC1EV" />

&nbsp;

The original Concept SSDA, approved in 2019, envisioned a mixed-use development but was later amended in 2021 to primarily focus on office space.

However, the developers cite significant shifts in market demand following the COVID-19 pandemic, including a decline in demand for city fringe office space and an escalating need for residential housing in the Waterloo-Zetland area.

Read more:&nbsp;<a href="https://www.urban.com.au/news/nsw/first-look-mirvac-john-holland-submit-960m-waterloo-metro-quarter-plans">First Look: Mirvac, John Holland, submit $960m Waterloo Metro Quarter plans</a>

&nbsp;

If next month prints even better, it will look like both the house and unit market might give up just two or three per cent of the gains they saw for 21 months until October 2024

Joel Robinson

City Beat January 2025: Sydney property market cooldown slows as new apartment pipeline ramps up

Nearly four years after signalling it will be going into the mixed-use precinct sector and starting with a site in Waterloo, Fabcot, the development arm of supermarket chain Woolworths, has submitted a development application for the site.

They secured concept plan approval for the project in May last year, but the recently laid $165 million plan for the&nbsp;6,534&nbsp;sqm site at 923 Bourke Street is the one that will go up for full approval.&nbsp;

They've proposed a part eight, part six-level building designed by <a href="https://www.urban.com.au/architects/bates-smart">Bates Smart</a>&nbsp;who won the design competition for the project over the likes of Koichi Takada Architects and SJB.

The design pays homage to the cultural and natural heritage of <a href="https://www.urban.com.au/developments/waterloo-nsw-2017">Waterloo</a>, according to the documents submitted to the City of Sydney Council.

<img alt="923 - 935 Bourke Street, Waterloo woolworths" data-entity-type="file" data-entity-uuid="45b8ef6d-d22f-4ffd-88a0-de49b6f22243" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/923%20-%20935%20Bourke%20Street%2C%20Waterloo%20woolworths.png?VersionId=FZOSdZypbjQLZlTQWViAIxwNVbc80cxn" />

The precinct will be home to two residential buildings, along with a five-story commercial building. 110 one, two and three-bedroom apartments will spread across the two residential buildings, with 68 per cent designed as offering dual aspects,&nbsp;optimising natural light and ventilation

Drawing inspiration from Aboriginal Country and the area's rich history, the architectural expression features sandy-tone bricks and green hues reminiscent of the coastal landscapes and native flora that once flourished here.&nbsp;

Facade geometries, with splayed and peeled elements, echo the forms of Banksia Serrata and Melaleuca plants, further rooting the project in its local context.

<img alt="923 - 935 Bourke Street, Waterloo apartments" data-entity-type="file" data-entity-uuid="f7f48fdb-40c2-4f2a-af92-0d86023e2287" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/923%20-%20935%20Bourke%20Street%2C%20Waterloo%20apartments.png?VersionId=LICj27a2inUPQ.UNUTxPYc7F5b5ahrgB" />

Residents will also benefit from communal amenities including a landscaped podium courtyard and rooftop terraces.&nbsp;

The apartments will rise from an activated ground plane where Fabcot intends to create a plaza-style precinct with&nbsp;specialty shops, cafes, restaurants, and a full-line Woolworths supermarket equipped with modern conveniences like direct-to-boot and e-commerce services.&nbsp;

The commercial building, strategically positioned at McEvoy and Bourke Streets, will cater to local workplace needs with compact, flexible office spaces.&nbsp;Its faceted design complements the surrounding streetscape while framing inviting views of the precinct’s public spaces.

<img alt="923 - 935 Bourke Street, Waterloo retail" data-entity-type="file" data-entity-uuid="db609e0e-4e08-4c5e-8541-ba5421e89346" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/923%20-%20935%20Bourke%20Street%2C%20Waterloo%20retail.png?VersionId=TqAK.Dj9UTNfl1.NHEG2pR8zks91ZmJE" />

Sustainable features include&nbsp;solar panels, EV charging stations, rainwater reuse systems, and low-carbon materials.&nbsp;

Six terraces homes to be managed by City West Housing with sit along Young Street.

Waterloo has been abuzz with activity recently.

Mirvac and John Holland <a href="https://www.urban.com.au/news/nsw/first-look-mirvac-john-holland-submit-960m-waterloo-metro-quarter-plans">revealed their near-$1 billion plans for the next stages of Waterloo Metro Quarter</a>, while across the road from the Woolworths plans, builder-developer DASCO recently got to work on&nbsp;<a href="https://www.urban.com.au/new-apartments/danks-st-district-903-921-bourke-street-waterloo-nsw-2017">Danks St District</a>, another precinct-style development with around 376 apartments across four buildings.

The design pays homeage to the cultural and natural heritage of Waterloo, according to the documents submitted to the City of Sydney Council

Woolworths unveils long-awaited Waterloo precinct with shop-top housing

Having secured gazettal approval for their major Neutral Bay site earlier this year, Woolworths' development arm <a href="https://www.urban.com.au/developers/fabcot">Fabcot</a> has submitted plans for a new&nbsp;$169 million development that would reimagine the space into a new mixed-use precinct.

The proposal seeks to replace the current structures with a mixed-use development featuring 70 residential apartments, extensive commercial spaces—including a new Woolworths supermarket and medical facilities—a public plaza, and a basement car park with 326 spaces.

The project, on the corner of Yeo Street and Rangers Road, envisions a six to eight-level building that aligns with the vision for <a href="https://www.urban.com.au/developments/neutral-bay-nsw-2089">Neutral Bay</a>'s future growth, aimed at providing diverse housing and enhancing community interaction within a highly accessible urban precinct.&nbsp;

<img alt="Fabcot’s lodge for $169.18 million apartment development in Neutral Bay " data-entity-type="file" data-entity-uuid="ae6d0094-fe24-4002-813a-f4c94b17739e" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Fabcot%20Neutral%20Bay%20laneway.png?VersionId=C.Um0Qg5pFm0EFcThNKkq0f_LXU.NEnd" />

Plans are for 11 one-bedroom apartments, 29 two-bedders, 28 three-bedrooms, and two four-bedroom apartments, a diverse mix aimed to attract a wide demograpghic from young professionals to families and downsizers, in response to the need for varied housing options in Neutral Bay.

The design, by <a href="https://www.urban.com.au/architects/koichi-takada-architects">Koichi Takada Architects</a>, emphasises harmony with the local environment, drawing inspiration from Neutral Bay’s landscape, including the surrounding sandstone gullies and indigenous Angophora trees.&nbsp;

This biophilic approach integrates greenery throughout the building’s structure and promotes a natural aesthetic that contrasts with the urban setting while fostering a stronger connection between residents and their surroundings.

Thoughtful design elements ensure optimal living conditions, such as corner and through units to capture district views and maximise natural light, as well as landscaped terraces and façade overhangs to offer visual privacy and support resident wellbeing.

<img alt="Fabcot’s lodge for $169.18 million apartment-Woolworths mix in Neutral Bay " data-entity-type="file" data-entity-uuid="ba1c21c3-8bfc-434a-aff0-5c12b3e6f554" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Fabcot%20Neutral%20Bay%20woolworths.png?VersionId=H1V6CU1CG9q3Thvmk0Fvmz5w7D8HqfZn" />

In addition to expanding residential options and retail offerings, the development aligns with the Military Road Corridor Planning Study, which aims to introduce community-focused facilities and improved public spaces within the area.&nbsp;

The ground-level public plaza serves as a focal point of the development, intended to encourage community engagement and round-the-clock activity.&nbsp;

Designed with both functionality and aesthetic appeal, the plaza will feature landscaped seating areas, outdoor dining spaces, and designated zones for seasonal events and community gatherings.&nbsp;

To further activate the space, retail and dining establishments are expected to offer services throughout the day and evening, making the plaza a key social hub.

The design, by Koichi Takada Architects, emphasises harmony with the local environment, drawing inspiration from Neutral Bay’s landscape, including the surrounding sandstone gullies and indigenous Angophora trees. 

Woolworth's Fabcot propose Neutral Bay shoptop housing after 

<a href="https://www.urban.com.au/developers/fabcot" target="">Fabcot</a>, the development arm of Woolworths Supermarkets, is seeking to flip their development approved mixed-use site in Brisbane Kangaroo Point

The project was <a href="https://www.urban.com.au/news/qld/woolworths-green-lit-for-expanded-mixed-use-kangaroo-point-development">given the green light in August</a>&nbsp;after Fabcot amended plans following their acquisition of the site next door.

Their initial plans were for a 10-storey residential tower with 53 apartments, above a full-line Woolworths supermarket and three levels of parking. That was granted approval in December 2021.

Then they acquired&nbsp;an additional 149 sqm lot at 14 Prospect Street in January 2021,&nbsp;<a href="https://www.urban.com.au/developers/fabcot" target="">Fabcot</a>&nbsp;sought to modify the existing approval to accommodate the new purchase and create a larger and more extensive development.

<h4>Read more:&nbsp;<a href="https://www.urban.com.au/news/qld/first-look-woolworths-plot-larger-kangaroo-point-mixed-use-apartment-and-retail-development">First look: Woolworths plot larger Kangaroo Point mixed-use apartment and retail development</a></h4>

<a href="https://www.urban.com.au/developers/fabcot" target="">Fabcot</a>'s land package now spans a total of 3,197 sqm with frontages along Ferry, Prospect, and Deakin Streets, with part of the land reserved for potential future road widening.

<img alt="Woolowrths" data-entity-type="file" data-entity-uuid="25940ad6-6ea3-4234-8d12-641c6715ef93" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202023-10-30%20at%208.04.58%20am.png?VersionId=YGK1mNxdCz3_xrakvvz8g.3sWYI3Ta6r" />

Plans are now approved for a&nbsp;17-storey building with 130 apartments. There will be seven one-bedroom apartments, 75 two-bedrooms, 44 three-bedrooms, and four four-bedroom apartments.

Amenities for the development will comprise a rooftop pool, gym, and outdoor barbecue space with seating. Around 2,600 sqm of space has been allocated for commercial use, allowing for a larger supermarket than initially proposed. The supermarket will now resemble a full-line store, catering to the needs of the Kangaroo Point community while adhering to a similar building footprint.

It was advised to the Brisbane City Council that the development would take place in two stages.

The first stage encompasses four basement levels (one more than originally approved), ground-level retail and commercial space, and rooftop services such as plant rooms and the condenser deck. The second stage will involve floors one to 15, along with the rooftop area, which will feature a garden, pool, barbecue area, and indoor gym.

Colliers has the listing. Woolworths already has in place the entire retail strata lease with an initial lease of 10 years and&nbsp;10 x 5 year options.

The project was given the green light in August after Fabcot amended plans following their acquisition of the site next door.

Woolworths development arm Fabcot list approved Kangaroo Point apartment development site

Fabcot, the development arm of Woolworths Supermarkets, has been given the green light for their expanded version of the group's <a href="https://www.urban.com.au/new-apartments/brisbane-qld">inner city Brisbane development</a>.

The amended proposal included adding seven storeys and constructing more than 70 apartments adjacent to the existing development in <a href="https://www.urban.com.au/new-apartments/kangaroo-point-qld">Kangaroo Point</a>.&nbsp;

The initial approval for a 10-storey residential tower with 53 apartments, three levels of parking, and a supermarket was granted in December of 2021. After acquiring an additional 149 sqm lot at 14 Prospect Street in January 2021, Fabcot sought to modify the existing approval to accommodate the new purchase and create a larger and more extensive development.

<h4>Read more:&nbsp;<a href="https://www.urban.com.au/news/qld/first-look-woolworths-plot-larger-kangaroo-point-mixed-use-apartment-and-retail-development">First look: Woolworths plot larger Kangaroo Point mixed-use apartment and retail development</a></h4>

Fabcot's land package now spans a total of 3,197 sqm with frontages along Ferry, Prospect, and Deakin Streets, with part of the land reserved for potential future road widening.

<img alt="Render of the initial shoptop project submitted by Fabcot" data-entity-type="file" data-entity-uuid="92cf87c7-c84a-46ad-a2ee-88b050a16e86" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202023-08-01%20at%205.05.52%20pm.png?VersionId=xMrsJLU1mMf7eIgNPVoNIbPKeu1Xg9JI" />Render of the initial shoptop development submitted by Fabcot.

The revised plan are for a 17-storey building with 130 apartments, a considerable increase from the originally approved 53 apartments. There will be seven one-bedroom apartments, 75 two-bedrooms, 44 three-bedrooms, and four four-bedroom apartments.

Amenities for the development will comprise a rooftop pool, gym, and outdoor barbecue space with seating. Around 2,600 sqm of space has been allocated for commercial use, allowing for a larger supermarket than initially proposed. The supermarket will now resemble a full-line store, catering to the needs of the Kangaroo Point community while adhering to a similar building footprint.

The development will take place in two stages.

The first stage encompasses four basement levels (one more than originally approved), ground-level retail and commercial space, and rooftop services such as plant rooms and the condenser deck. The second stage will involve floors one to 15, along with the rooftop area, which will feature a garden, pool, barbecue area, and indoor gym.

Urbis explained that the staged development will allow the supermarket to open ahead of the completion of the residential apartments above, ensuring a timely and efficient progression of the project.

The amended proposal included adding seven storeys and constructing more than 70 apartments adjacent to the existing development in Kangaroo Point

alisonwarters@gmail.com

Woolworths green lit for expanded mixed-use Kangaroo Point development 

Fabcot, the development arm of supermarket giant Woolworths, has gone back to the drawing board to increase the size of their Kangaroo Point, Brisbane, mixed-use development.

They've had local architecture firm Cottee Parker Architects add a further seven levels to the previous development approval, taking the total levels now to 17. That will see the apartment numbers increase from 62 to 130.

The project, slated for 25 Ferry Street which will also front&nbsp;Deakin and Prospect Street's, will have a mix of just seven one-bed apartments, 75 two-bedders, 44 three-bed units and four four-bed apartments.

<img alt="Woolworths Kangaroo Point" data-entity-type="file" data-entity-uuid="5045db25-d04a-4f76-98b3-fc407f1ab58e" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screen%20Shot%202022-10-05%20at%2010.11.20%20am.png?VersionId=_jq.9.Vbgj7DTqWb.9Yq9EMrA68876BC" />

There will be a rooftop pool, gym, and outdoor barbecue space with seating.

The tower will rise above a full-line, 2,240 sqm Woolworths.

Town planner Urbis noted the change application was through further design planning, and the acquisition of another lot to make a 3,197 sqm site.

"The site is in a well-positioned location that boasts strong connections to the river, CBD, Howard Smith Wharves dining precinct, the Story Bridge and a variety of walking and cycling paths," Urbis noted in their submission to the Brisbane City Council.

<img alt="Woolwor" data-entity-type="file" data-entity-uuid="8add64c3-12ad-4794-a426-3495f3145e24" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screen%20Shot%202022-10-05%20at%2010.11.15%20am.png?VersionId=iY9o4TX0cAECzyxlEiQg2kL1msvlYJcq" />

Approval for the former 10-level, 62-apartment project had been granted in December 2021.

The Kangaroo Point project is yet another application submitted by Fabcot so far in a busy 2022. In May they submitted plans in Sydney to&nbsp;reinvigorate an existing retail space in Neutral Bay Village, activating a pedestrian laneway and plaza and building 91 apartments above a Woolworths. The proposal also includes extensive office space.

It was revealed late last year that Woolworths were venturing into the residential development space, with the first announcement a $200 million mixed-use building in Sydney's Waterloo.

The project, to be known as Bourke &amp; Young at 923-935 Bourke Street, is being drawn up by&nbsp;Sydney architects Bates Smart. It is expected to have some apartments dedicated to affordable housing for key workers.

Fabcot plans similar residential and retail projects in Elsternwick and Glen Iris in Melbourne and at Scarborough in Perth.

&nbsp;

It was revealed late last year that Woolworths were venturing into the residential development space, with the first announcement a $200 million mixed-use building in Sydney's Waterloo

Fabcot

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