Woolworths venture into apartment projects starting in Sydney's Waterloo
Woolworths has proposed a $200 million mixed-use apartment and retail project at Waterloo.
It marks a move into owning mixed-use development sites. It plans similar project in Elsternwick and Glen Iris in Melbourne and at Scarborough in Perth.
The group is also looking at a mixed-use development proposal for Neutral Bay on Sydney’s lower north shore. Woolworths’s head of mixed-use development, Pierre Abrahamse, told Nine Entertainment that the group’s vision was to create vibrant, well-connected and contemporary developments.
The Waterloo project, to be known as Bourke & Young will be a mixed-use development at 923-935 Bourke Street. Sydney architects Bates Smart have been commissioned to prepare concept plans.
The project will also have some apartments dedicated to affordable housing for key workers. Woolworths will lodge a planning proposal with the City of Sydney in late 2021.
