Concept plans for a three-tower 21-storey development above the Crows Nest metro station have been given approval by New South Wales planning minister Rob Stokes.
A revised plan was submitted in September last year, scaling down the heights of the proposed towers following more than 660 community submissions against the development.
It’s part of the NSW government’s plans for major over-station developments to help offset the financial burden of building the multi-billion-dollar metro rail line from Chatswood, under Sydney Harbour to central Sydney and Bankstown.
Construction on the new station was due to begin this month, with the rail line completion earmarked for 2024. But any building on site of an over-station development is contingent on the state government attracting a private sector developer. It is also subject to the submission of a development application.
Earlier plans for a 27-storey residential building, a 17-storey hotel and conference centre and an eight-storey commercial building were revised down to a 21-storey commercial space building, and 17-storey residential space. The scaling down also included recesses in the facades of the two tallest towers after concerns were raised about building heights across Crows Nest and St Leonards.
New South Wales planning minister Rob Stokes said the Crows Nest over-station development would concentrate growth near public transport and close to major centres and was part of the NSW government’s Covid-19 recovery plan.
“While I understand that some current Crows Nest residents won't be happy about growth, this proposal has improved considerably,” Stokes told the Sydney Morning Herald.
“Residents were concerned about overdevelopment, and for more focus on providing more jobs than more homes. In response, the building envelope has been reduced, jobs capacity doubled and the number of new homes halved.”
The development is projected to create 2010 operational jobs and 945 construction jobs in addition to a capital investment value of about $381 million, according to the NSW government.
There is also a commitment to incorporate five per cent of residential floor space to affordable housing.
Community submissions raised concerns about density, amenity, traffic impacts and a reduction in car parking.
There is a planned 26 per cent reduction in the number of car parking spaces being provided, but it is believed this will encourage a shift away from private vehicle use towards public and active transport options.