There are approximately 750 existing social housing units spread across the 12-acre southern part of the Waterloo estate and 120 private residences and residences.
Tenants will receive information about ‘relocation guidelines’ in early 2023, the government says. They are given a notice period of at least six months to move.
The 30-storey and four 18-storey Matavai and Turanga towers are the later phases of the project.
In addition to the estate, more than 600 apartments are being built in several towers above the underground train station, which is to open in 2024 for the “Waterloo Metro Quarter” development.
A spokesman for the Ministry of Planning and the Environment said the development will include 70 social rental properties, to be completed by 2024. The government is also building 95 public housing units on Elizabeth Street in Redfern, which are expected to be completed by 2027.
“Across the Metro Quarter, Elizabeth Street and Waterloo South, that’s more than 1012 new and modern council homes, an increase of more than 260,” the spokesperson said.
A spokesperson for the NSW Department of Planning and the Environment said the Land and Housing Corporation and the Department of Communities and Justice would support residents during the relocation process, which would be spread over several years to “minimize the impact on the community”.
Simon Newport, CEO of Land and Housing Corporation, said a shortlist of consortia of renewal partners to develop Waterloo South will be finalized in the coming weeks.
“We are excited to keep this project moving – a renewal partner will provide new buildings and infrastructure and work with government to support residents through change, to create a vibrant and mixed inner-city community,” Newport said.
Roberts said all development applications submitted for the site will go through a “rigorous” review process, including further public consultation.
The repurposing represents a kind of compromise between the original plan of the land and housing association in 2018, which sought more than 6000 homes on the site, and the municipality’s aim for less intensive development and more social, affordable and indigenous housing.
Frustrated by delays, then Planning Minister Rob Stokes intervened in the deadlock between the company and the council by transferring control of the 2021 redevelopment planning process to his department.
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