Major Expansion Proposed for Waterloo Mixed-Use Precinct

Major Expansion Proposed for Waterloo Mixed-Use Precinct

April 20, 2026

A site plan for the Waterloo mixed-use development proposal.

A significant amendment is on exhibition for the mixed-use development at 903-921 Bourke Street and 3 McEvoy Street, Waterloo. The proposal seeks to increase the approved scheme by approximately 250 apartments, bringing the total to 580 dwellings across six buildings, and deliver new public streets, plazas, and open space under a Voluntary Planning Agreement. This State Significant Development application is currently open for public comment.

Project Snapshot

Status: On exhibition
Address: 903-921 Bourke Street and 3 McEvoy Street, Waterloo
LGA: City of Sydney
Site Area: 19,470 sqm (1.95 ha)
Existing Zoning: MU1 Mixed Use
Proposed Zoning: Not stated
Existing FSR: 1.5
Proposed FSR: 3.2
Existing HOB: Not stated
Proposed HOB: 34m, 126m, 41m, 28m, 105m
GFA: 21,904 sqm
Number of dwellings: 580
Cost of Development: $96.1 million
Jobs: 568 construction / 25 operational
Parking: Car 376 | Bike Not stated
Affordable Housing: 57 dwellings | 12%
VPA: Provision of public streets, plazas, open space, and monetary contribution as per executed Voluntary Planning Agreement.

Major Expansion Proposed for Waterloo Mixed-Use Precinct – project image

The proposal involves a substantial uplift in both floor space ratio (from 1.5 to 3.2) and building heights, with the tallest tower reaching 126 metres. The development will deliver 57 affordable dwellings, representing 12% of the total, and is supported by a Voluntary Planning Agreement that secures new public domain improvements and a monetary contribution. Key planning considerations include heritage, contamination, wind, social impact, and geotechnical factors, with the scheme subject to design review.

If approved, the project would significantly increase housing supply in Waterloo and reshape the local skyline, adding a mix of residential, retail, and communal amenities. The amendment builds on an existing consent, expanding both the scale and public benefits of the precinct.