Woolworths receive determination approval for mixed-use Waterloo development
Woolworths Group's proposal for a mixed-use development in Waterloo is taking a significant step forward with its recent determination approval.
Their development arm Fabcot moved into the residential development sector around three years ago, signalling their intent first in Waterloo, before revealing more projects in Neutral Bay and Rose Bay.
The planning proposal for their site at 923-935 Bourke Street, Waterloo, which garnered unanimous support from the Central Sydney Planning Committee (CSPC) and the City of Sydney Council in late 2023, was officially gazetted in March 2024.
Concept plans have been put together by Bates Smart for the development, which will see apartments sit above a new Woolworths Metro, with some dedicated to affordable housing for key workers. At this stage, all images are concept plans.
Waterloo and its neighbouring suburbs have witnessed substantial population growth in recent years, with projections indicating an influx of approximately 40,000 new residents by 2036.
Despite this growth, the area remains underserved by full-line supermarkets, making Woolworths' mixed-use development a significant addition to address a 9000-sqm undersupply of supermarket floor space in the area.
Once completed, the development is expected to become a vibrant local hub offering not only a full-line Woolworths supermarket but a range of amenities, including 2000 sqm of commercial space, 1500 sqm of specialty retail, dining options, landscaped open areas, and 120 architecturally designed apartments.
A Design Excellence Competition was conducted to select the project's architect, with the winner to be announced in June 2024.
The project also encompasses pedestrianised through-site links, retention of over 80 per cent of existing street trees and provision of 10 per cent affordable housing.
In addition to meeting the housing and retail needs of the community, the development will exceed BASIX requirements and support the City of Sydney’s Net Zero 2026 initiatives.
The strategic location of the mixed-use development, being a 10-minute walk to public transport including Green Square Train Station and Waterloo Metro Station, along with its proximity to parks, cafes, and other local attractions, makes it an increasingly desirable and accessible area to residents and visitors alike.