A new State Significant Development application has been lodged over land at <a href="https://www.apartments.com.au/new-apartments/33-43-marion-street-parramatta-nsw-2150">33–43 Marion Street</a>, Parramatta, proposing a high-rise mixed-use tower that leverages planning incentives to deliver a substantial pipeline of new housing, including a dedicated affordable component.

The scheme, currently on exhibition, combines a shop-top housing development with a concurrent rezoning, positioning the site for a significant uplift in density within Parramatta’s evolving southern CBD fringe.

The proposal, designed by <a href="https://www.apartments.com.au/architects/fuse-architecture-0">Fuse Architects</a> for CN Marion, would replace the existing buildings with a 37-storey mixed-use tower, delivering 296 apartments above a retail podium with six basement levels on the 2,376 sqm site.

The residential mix comprises 58 one-bedroom, 207 two-bedroom, and 31 three-bedroom apartments, with communal facilities located on the second level and the rooftop. Ground-level activation is driven by retail and food and beverage tenancies, alongside a publicly accessible through-site link designed to improve pedestrian permeability.

The project includes 194 car spaces, five motorcycle spaces, and 348 bicycle spaces, reflecting a transit-oriented approach in a location directly adjacent to the rail corridor and within walking distance of Harris Park Station.

<img alt="First Look: Plans lodged for 37-storey mixed-use tower with affordable housing at 33–43 Marion Street, Parramatta" data-entity-type="file" data-entity-uuid="3db873ea-62f0-437b-8a6a-eeda154d2dee" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Marion%20building.png?VersionId=YwzBv8OVHwyRnMLGX4slU7QyhTyMZeOX" />

The design adopts a podium-and-tower composition, with a three-storey street wall addressing Marion Street and a reduced two-storey interface responding to adjoining heritage cottages.

A key component of the proposal is the integration of affordable housing under the NSW Government’s in-fill affordable housing pathway, with units to be retained for a minimum of 15 years. This is paired with a broader public domain strategy that emphasises permeability, deep soil planting, and a landscaped through-site link.

“The strategy prioritises a permeable, well-activated public realm and supports a compact tower form to minimise the building’s footprint while enhancing the quality of the ground-level experience,” the design report states.

The proposal includes a central landscaped courtyard, rooftop communal areas, and planting strategies aligned with local environmental conditions and cultural narratives.

<img alt="First Look: Plans lodged for 37-storey mixed-use tower with affordable housing at 33–43 Marion Street, Parramatta" data-entity-type="file" data-entity-uuid="f0e6c165-9967-4d20-9216-e5b8357c85ba" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Marion%20site.png?VersionId=SRod222LwgDmGZJmJY0wTbK39UrWZLSD" />

The site occupies a prominent corner of Marion and Station streets, roughly 100 metres from Harris Park Station, within a precinct earmarked for significant intensification. While the immediate context is characterised by low- to mid-rise buildings and heritage dwellings, planning controls and recent proposals point to a transition toward high-density development.

<section data-scroll-anchor="false" data-testid="conversation-turn-2" data-turn="assistant" data-turn-id="request-WEB:c78224e4-1dd1-48ac-afda-97fe23bac47e-0" dir="auto">
Parramatta has been starved of new apartment supply in recent years. Builder-developers Deicorp and Coronation are the only two currently progressing projects in the suburb. Coronation is nearing completion of <a href="https://www.apartments.com.au/new-apartments/8-phillip-street-2-10-phillip-street-parramatta">8 Phillip Street</a>, which will be the tallest building in Western Sydney once finished, while Deicorp is delivering <a href="https://www.apartments.com.au/new-apartments/cosmopolitan-by-deicorp-parramatta-34-hassall-street-parramatta-nsw-2150">Cosmopolitan</a>, a development comprising over 600 apartments.
</section>

Joel Robinson

First Look: Plans lodged for 37-storey mixed-use tower in Parramatta

A substantial uplift in height and density is being tested in Lane Cove, with a 225-apartment scheme at 300 Burns Bay Road now on public exhibition as a State Significant Development alongside a concurrent rezoning.

The proposal by <a href="https://www.apartments.com.au/developers/level-33">Level 33</a> would see the demolition of an existing commercial building and associated structures, replaced by a residential development ranging from seven to 15 storeys.&nbsp;

The scheme delivers 225 apartments, including 34 designated as affordable housing, positioning it within the NSW Government’s accelerated Housing Delivery Authority pathway.

The development is arranged as three interconnected residential flat buildings, a response to the site’s long, narrow configuration and sloping topography.&nbsp;

<img alt="First look: 225-apartment Lane Cove tower proposal enters exhibition under State Significant pathway" data-entity-type="file" data-entity-uuid="c325d40c-ead5-45f4-9d77-5a446b23acc0" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Lane%20Cove%20pers.png?VersionId=hsCJxT5hj.5kzA6AMInyan1x8mcHeRez" />

<a href="https://www.apartments.com.au/architects/pbd-architects">PBD Architects</a>, the project’s designer, describe a built form that is “divided into three sections, each connected by intermediate infill slots which are recessed to establish greater setbacks and further articulate the development.”

Across the scheme, apartments are supported by communal amenity at ground and rooftop levels, including landscaped open space and a rooftop pool. Basement and lower ground levels accommodate parking, storage, and building services, while a new public park is proposed along the eastern edge of the site, replacing part of the existing built form.

The architectural response has been shaped by the site’s pronounced fall towards the Lane Cove River, with building heights stepping down from west to east to reduce visual bulk and respond to adjoining bushland.&nbsp;

The design report notes that “the development has been carefully designed to integrate with the existing topography with the placement of massing and floor levels adjusted respecting the site’s inherent characteristics.”

<img alt="First look: 225-apartment Lane Cove tower proposal enters exhibition under State Significant pathway" data-entity-type="file" data-entity-uuid="31cc13a5-bc8b-4dc3-b9b1-07c6ec33a82b" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Lane%20cove%20site.png?VersionId=NiyH3LimQwiHsE6Q7I5g4Grpr5fRdZaX" />

The project is being advanced through a concurrent rezoning process, seeking to increase the permissible height and floor space ratio beyond current Lane Cove LEP controls of 21 metres. Under the proposal, height would reach up to 54.5 metres, reflecting a shift toward higher-density outcomes in well-located urban areas.

Located on a 7,595 sqm site, the development sits within an established high-density residential pocket characterised by mid-rise apartment buildings set within a bushland setting. The site is within close proximity to Burns Bay Reserve, the Lane Cove River, and an extensive network of open space, reinforcing its strategic positioning for increased housing supply.

Level 33 is doing through the Housing Delivery Authority to try and get its Homebush project of <a href="https://www.apartments.com.au/news/nsw/level-33-adds-to-2-000-unit-pipeline-with-new-two-tower-homebush-plans">more than 300 apartments approved</a>.

The developer has over 2,000 apartments in the pipeline, predominantly in Wollongong.

First look: Level 33 proposes 225-apartment Lane Cove tower

Sydney developer <a href="https://www.apartments.com.au/new-apartments/31-41-o-hara-street-marrickville-nsw-2204">Third.i</a>&nbsp;has announced a new transport-oriented development in one of Sydney Inner West’s most sought-after metropolitan locations, delivering much needed housing within steps of world-class public transport and vibrant village life.

Located at&nbsp;31-41 O’Hara St,&nbsp;Marrickville, the proposed mixed-use development will include around 300 apartments, with up to 17 per cent dedicated to affordable housing, reinforcing Third.i’s commitment to creating inclusive, well-connected communities that support a diverse mix of residents who keep Sydney’s neighbourhoods thriving.

Located just 100 metres from the new Metro station, the development places residents within minutes of the CBD while offering seamless access to the Inner West’s cafés, retail, and local services. Anchored within a thriving local centre, the project supports everyday living without reliance on cars, while also delivering new public open space for the local community, including a new park and landscaped green areas, alongside high-quality private resident amenities.

Florian Caillon, Head of Acquisitions for Third.i Group, said the project builds on the company’s ongoing work alongside the NSW Government to deliver housing and amenity alongside major transport infrastructure. Amenity includes an activated pedestrianise retail strip that connects Illawarra Road down to the pocket park, and health and wellness facilities.&nbsp;

“Delivering housing of this scale within an established village is a rare opportunity, and few companies have achieved residential outcomes of this size at a village centre," Caillon said.

"We are excited to set a new standard for urban living in the heart of Marrickville,” he said.&nbsp;

The inclusion of affordable housing has been welcomed by frontline workers.

“We are supportive of developments which will allow essential workers like nurses, midwives and carers, the opportunity to live in the communities they care for," said&nbsp;Michael Whaites, General Secretary of the NSW Nurses and Midwives’ Association..

“Many healthcare workers tell us they would like to live closer to where they work, but are being priced out of the market, forcing them to move further away.&nbsp;

“Dedicated apartments for essential workers will support recruitment and retention in local hospitals and aged care facilities, helping to strengthen our health system.”

The project has been declared State Significant Development (SSD) by the Housing Delivery Authority (HDA).

Third.i to deliver 300 apartments in Marrickville TOD precinct

Melbourne CBD is set for another 700 apartments, with Malaysian developer Sime Darby Property granted&nbsp;ministerial approval for its mixed-use skyscraper in the heart of the city.

The $500 million project&nbsp;at <a href="https://www.apartments.com.au/new-apartments/400-queen-street-melbourne-vic-3000">382–406 Queen Street</a>&nbsp;will deliver 693 apartments and 900 student accommodation beds above one of the northern CBD's most prominent corners.

Sime Darby paid $115 million for the 3,218 sqm site in 2024, acquiring it from the Lim family, the dynasty behind Singapore construction firm Evan Lim &amp; Co, in what was then the largest CBD development transaction Melbourne had seen since 2019. The site carried a seven-storey car park and a small education centre. Both will be demolished.

The tower, designed by <a href="https://www.apartments.com.au/architects/cox-architecture">Cox Architecture</a>, splits its residential and student components across a single building. The 693 build-to-sell apartments, 297 studios, 330 one-bedroom and 66 two-bedroom units, occupy the upper floors, while 900 student beds spread across levels 9 to 28. Levels 2 to 6 are allocated to just over 10,000 sqm of office space, with retail on the ground and mezzanine.&nbsp;

<img alt="Sime" data-entity-type="file" data-entity-uuid="7e2b624a-0c5e-40dd-8c97-af99d8a96c2d" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202026-03-26%20at%209.15.19%E2%80%AFAM.png?VersionId=tUMDcpbn9gnhgxKDvUcQGK04I1incf15" />

A network of open-air laneways and arcades at street level is designed to activate the Queen Street and A'Beckett Street frontages and create pedestrian connections through the site.

Sustainability targets include a 5 Star Green Star Buildings rating, fully electric building operations, and measurable reductions in upfront carbon emissions compared to a reference building. The plans also incorporate rainwater reuse, urban heat island mitigation strategies, and enhanced daylight access across both residential and non-residential spaces.

The site sits at the northern edge of the Hoddle Grid, about 300 metres from Flagstaff station and 250 metres from Melbourne Central. It abuts the Queen Victoria Market precinct, which is mid-way through its own renewal.&nbsp;

<img alt="Sime" data-entity-type="file" data-entity-uuid="49f30eb5-fa1e-47d3-a594-a54758845eb8" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202026-03-26%20at%209.15.28%E2%80%AFAM.png?VersionId=2J0xsOs81XvyKKgItI4OXMBwIy2k13m5" />

Immediately to the south, 3L Alliance completed the first tower of Queens Place. The Melbourne CBD has become popular with developers once again, with Far East Consortium and Sterling Global both recently launching their high-rise buildings.

Sime Darby wins approval for $500m Melbourne CBD apartment tower

James Place has announced its entry into the Newcastle market with the upcoming launch of KALLIO, 63 apartments near the Newcastle Interchange.

<a href="https://www.apartments.com.au/new-apartments/kallio-495-501-hunter-street-newcastle-west-nsw-2302">KALLIO</a>, on the corner of of Hunter and King Streets, will appeal to owner-occupiers, downsizers and professionals, the developer, which&nbsp;is delivering&nbsp;<a data-saferedirecturl="https://www.google.com/url?q=https://urldefense.com/v3/__https://esqpenrith.com.au/__;!!DUUbG7Thu1Mg3h4szpc!qXvoky8HmLV4KG63m_LjRFORN_sUhN0GpKwdvSds65mleVfhHZ-PFq2Fnd9G9Ixv8Zuj75FO7CvIbYUZUNODQuZNae8hh4lC9Q$&amp;source=gmail&amp;ust=1774309423473000&amp;usg=AOvVaw3_kGGyPLtv_Upfe5o-MQbZ" href="https://urldefense.com/v3/__https://esqpenrith.com.au/__;!!DUUbG7Thu1Mg3h4szpc!qXvoky8HmLV4KG63m_LjRFORN_sUhN0GpKwdvSds65mleVfhHZ-PFq2Fnd9G9Ixv8Zuj75FO7CvIbYUZUNODQuZNae8hh4lC9Q$" id="m_-2492214352146157224OWAd85fad37-e579-85ef-c84f-883d017f5210" target="_blank">PERLE at East Side Quarter</a>&nbsp;in Penrith, says.

Founder and Managing Director Andrew James said the move into Newcastle reflects the company's long-term strategy to deliver high quality design-led projects in strong supply constrained markets.&nbsp;

“We are excited for our first entry into the Newcastle market," James says.

"At James Place we focus on delivering strong outcomes for communities, and our customers, and we believe this project brings something new to Newcastle.The two slender towers have been shaped carefully from the site and with only a small number of homes per level, this is an exclusive opportunity for buyers who want comfort, convenience and quality."

<img alt="Newcastle" data-entity-type="file" data-entity-uuid="d8c82973-677e-4337-836e-73c3ce71e763" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202026-03-23%20at%2011.54.52%E2%80%AFAM.png?VersionId=ZAVxXPbKmklF.rjEwDWN1vFt4IQAhd7s" />

James Place has partnered with born and bred Novascatarian, David Rogers - whose family have owned the site since the 1950s - to bring KALLIO to life.&nbsp;

“My grandparents ran Rogers Diamond Emporium — the city's most eminent jewellers — for nearly four decades. When it closed, I knew this location deserved something special. A development that could help elevate the area, and offer something different to the community.”

“I submitted a DA for a multi-level building back in 2016, and it took time to find the right partner.&nbsp; James Place understood the potential of this site. Together we have shaped a distinctive residential address that speaks to the landscape and gives Newy locals, old and new, a place they can be proud to call home.”

<img alt="James" data-entity-type="file" data-entity-uuid="bbbf4130-2556-4eef-b864-4e6a4f7c1811" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202026-03-23%20at%2011.58.05%E2%80%AFAM.png?VersionId=qCRUgZx2vH_AoeUdFwnY.0rK3i0lfzbL" />

Following planning and consultation with the City of Newcastle and the Urban Design Panel, KALLIO’s final design reveals two slender, sculpted towers inspired by the city’s cliffs and coastline. Apartments will enjoy views toward the harbour and Merewether, with generous layouts and abundant natural light.

Architecture and interiors are by multi‑award‑winning Bayley Ward Studio, with high‑end finishes and premium appliances throughout.

<img alt="Kallio" data-entity-type="file" data-entity-uuid="32123709-72fb-4b35-bc86-e2d52978875a" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202026-03-23%20at%2011.54.42%E2%80%AFAM_0.png?VersionId=vtUcBcpwRr88a5P_CxW_Du4wnWWDvDMz" />

KALLIO residents will have private access to a rooftop pool, infrared sauna, landscaped communal spaces and a private dining and meeting room. A large ground‑floor commercial space will activate the streetscape and add new life to the Civic precinct.

The public launch will take place in the coming months. Two-bedroom apartments will start from $950,000 and three-bedroom apartments will start from $1.35 million. Completion is targeted for late 2027/early 2028.

James Place to make Newcastle apartment debut with KALLIO

Plans have been unveiled for the redevelopment of the Mortdale RSL Community Club, which would transform the site into a new club with a residential apartment tower above.

The development, dubbed <a href="https://www.apartments.com.au/new-apartments/mortdale-gardens-46-56-pitt-street-mortdale-nsw-2223">Mortdale Gardens</a>, is currently on exhibition as a State Significant Development Application (SSDA) through the NSW Government’s Housing Delivery Authority pathway.

The club occupies a 3,140 sqm site spanning 19–25 Macquarie Place and 46–56 Pitt Street. The proposal would deliver a new club facility, with 230 apartments above. Fifteen per cent of the apartments are designated as affordable housing.

The residential component is proposed across tiered buildings, predominantly ranging from eight to nine storeys, with one tower rising up to 20 storeys. Five basement levels would provide parking for around 450 vehicles.

The development will also include two levels of commercial space, accommodating medical services, retail shops, offices, a supermarket, as well as cafés and restaurants.

<img alt="Mortdale" data-entity-type="file" data-entity-uuid="898402e9-7a82-42ca-8b2a-d5c28175862f" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202026-03-23%20at%209.26.38%E2%80%AFAM.png?VersionId=NNcthl3.DGz5k4hn02Vb_d5J0e6nlYAJ" />

NOD Architecture has designed the project in collaboration with Stanisic Architects.

The Design Verification Statement said the proposal “balances bulk and scale through carefully considered setbacks, building heights and articulation that respond to the established and future urban character.”

They said the higher-density approach&nbsp;supports a lively and dynamic local centre by increasing population and foot traffic, which in turn activates local businesses and enhances overall amenity.

"The proposal reduces urban sprawl, supports public transport use, and enables a diverse mix of housing types to meet varying community needs. With thoughtful design and integration, the development has the potential to complement Mortdale’s character while fostering growth, inclusivity and long-term sustainability within a well-connected, future-ready centre."

<img alt="Mortdale" data-entity-type="file" data-entity-uuid="a745291c-335e-4a73-bb75-ebd4380609e9" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202026-03-23%20at%209.26.28%E2%80%AFAM.png?VersionId=fqroAVpXGVRXjpwTXLeJ1ieB606sYa2a" />

The club is aiming to finalise construction plans and commence apartment pre-sales in 2027, with works expected to begin in 2028.

The Mortdale RSL Community Club said the redevelopment is focused on securing the long-term sustainability of the club.

It is not the first time a Leagues Club has pursued redevelopment to strengthen its financial future.

Capital Corporation previously partnered with Bondi Junction RSL Club to redevelop its site near Westfield, delivering a new club alongside residential apartments above.

It was also the second time Capital Corporation, led by Jim Hunter, has worked alongside a club. In partnership with NOVM and the Cronulla Sharks Leagues Club, they transformed the area surrounding Shark Park into a mixed-use precinct featuring more than 700 apartments and a new town centre.

Rare new apartment tower slated above Mortdale RSL Community Club

Burgeoning developer <a href="https://www.apartments.com.au/developers/time-place">Time &amp; Place</a> is continuing to expand its presence in South Melbourne.

Recently launching to market Park Modern, 246 apartments near the Shrine of Remeberance on Dorcas Street, Time &amp; Place has sought to add a further 300 apartments just two streets away.

The new Park Street building will have 22 storeys above an activated ground-plane with over 100 sqm of retail space and 100 sqm of co-working space.

<img alt="First Look: Time &amp; Place unveils plans for 22-storey mixed-use tower on transforming Park Street, South Melbourne" data-entity-type="file" data-entity-uuid="333f6f9b-61cf-4426-8ea7-3dd7d8881848" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Park%20Melbourne%201.png?VersionId=UV77lIAG9.pGMhWZqJr2av9pKiYwR7Ku" />

The built form adopts a podium-and-tower typology in response to Design and Development Overlay Schedule 26, which guides development across the precinct. A discretionary podium height of 18 metres transitions to a slender tower form, consistent with the area’s shift toward higher-density outcomes. According to the Urban Context Report prepared by Urbis, the site "represents a substantial opportunity to deliver housing in an highly accessible strategic location that is intended for renewal, as sought by policy.”

Design considerations have focused on minimising bulk while maintaining amenity outcomes, including tower setbacks to support daylight access, cross ventilation, and views. The proposal also responds to overshadowing controls, which seek to protect sunlight access to Park Street during key daytime hours. The surrounding precinct is already seeing a transition from low-rise buildings to taller podium-and-tower developments, with newer projects reaching the 60-metre preferred height limit.

<img alt="First Look: Time &amp; Place unveils plans for 22-storey mixed-use tower on transforming Park Street, South Melbourne" data-entity-type="file" data-entity-uuid="edb6f098-33ee-49c1-a5f0-80eb62946e8b" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Park%20Melbourne%20podium.png?VersionId=CPwbzPoxFy9DQ1xoQMAV50rHFKQaJ0d0" />

&nbsp;

&nbsp;

Planning policy identifies the St Kilda Road neighbourhood as a preferred location for high-density residential and mixed-use development, with the specific sub-precinct encouraging increased scale to support a more dynamic, connected urban environment.

The 2,050 sqm site, amalgamated as 60–74 Park Street, sits 70 metres from the Kings Way intersection and has over 40 metres of frontage to Park Street and 51 metres to Little Bank Street. According to the submission, the site is currently “underutilised”, comprising three one- to three-storey office buildings.

Having recently completed The Queensbridge in Southbank, with only a handful of the 353 apartments remaining, Time &amp; Place is now focusing on its future pipeline, both in Melbourne and across Australia.

The developer has approval for The Burke, a mixed-use project in Glen Iris being delivered in partnership with Woolworths. The 60 apartments, positioned above a new Woolworths supermarket, are expected to launch in the coming months. Time &amp; Place is also progressing plans for the redevelopment of Northcote Plaza; however, a sales campaign is not anticipated in the near term.

In Sydney, the developer has two projects in Manly: Two Tides, which is currently under construction, and an ultra high-end building on North Steyne, fronting the beach. It is also continuing to work through the redevelopment of The Chimes building on Macleay Street in Potts Point, as well as Marlborough House, the redevelopment of the original David Jones warehouse building in Surry Hills.

&nbsp;

&nbsp;

Time & Place unveils plans 22-storey South Melbourne tower

After years of uncertainty, false starts and stalled momentum, <a href="https://www.apartments.com.au/new-apartments/one-sydney-park-205-225-euston-road-alexandria-nsw-2015">One Sydney Park</a>, one of the more unique developments in Sydney overlooking Sydney Park at the junction of Alexandria, St Peters and Newtown, is set to be revived.

The long-dormant Alexandria site, a two-hectare parcel on <a href="https://www.apartments.com.au/new-apartments/one-sydney-park-205-225-euston-road-alexandria-nsw-2015">Euston Road</a>, is being brought back to life by Besgate, the private developer founded and led by Justin Gao.

Besgate is seeking to significantly increase the project’s scale, with its recent State Significant Development Application (SSDA) proposing a doubling in density. Previously earmarked for around 350 apartments, the revised plans outline approximately 700 residences above ground-floor retail, including 40 designated affordable housing units.

While details on apartment configurations have not yet been released, the submission indicates the development could accommodate around 1,400 residents once complete.

Further details are expected to emerge as the project progresses through the SSDA process and moves to public exhibition. The development is estimated to cost around $500 million to deliver.

One Sydney Park was originally earmarked for the prominent warehouse site by Chinese developer HPG Australia. The project was taken to market in 2018; however, a combination of economic uncertainty in China at the time, followed by the COVID-19 pandemic, meant construction never commenced. HPG had reportedly sold around 50 of the first 100 apartments released.

Initial plans proposed eight low-rise buildings comprising a mix of one-, two- and three-bedroom apartments, alongside penthouses and terrace-style homes. Many of those residences were designed to capture park views and include private courtyards.

Besgate to revive One Sydney Park apartments after eight-year delay

&nbsp;Joint venture developer partners <a href="https://www.apartments.com.au/developers/billbergia">Billbergia</a> and Legacy Property have unveiled plans for <a href="https://www.apartments.com.au/new-apartments/88-waterloo-88-waterloo-road-macquarie-park-nsw-2113">88 Waterloo</a>, a $1 billion-plus mixed-use development in Sydney’s North West.

Sales will kick off in a few months for the two towers, which will rise 60 and 52 levels from 88 Waterloo Road. There will be 858 apartments, 60 of which will be dedicated to affordable housing.

Beneath the towers, designed by AJC Architects, will be a four-level podium with shared dining, work-from-home and games rooms, with communal open space on the podium rooftop.

The podium rooftop has been conceived as an ‘urban backyard’, with a range of sought-after resident facilities. These include lawns and landscaped gardens with edible native species, a lap pool and children’s splash area, BBQ area, outdoor work-from-home spaces, yoga and wellness areas, a sauna and a cold plunge pool.

<img alt="88 Waterloo" data-entity-type="file" data-entity-uuid="47685d06-3c32-4e1c-9ba6-eb3f66ebeeb2" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202026-03-19%20at%208.56.48%E2%80%AFAM.png?VersionId=o29IFNbNVDZgcaYJgjXLOtmVgfPOy64H" />

Positioned in an amenity-rich location at 88 Waterloo Road, the project is opposite Macquarie University Metro Station, adjacent to the Macquarie Park shopping centre and also fronts Elouera Reserve. 88 Waterloo will see the outdated walk-up apartment buildings on the site transformed into a thriving mixed-use residential community, supported by stand-out residential amenity and open space.

88 Waterloo will also deliver a critical boost of new homes for over 2,000 people, directly contributing to NSW’s National Housing Accord targets.

Macquarie Park is one of eight Accelerated Precincts identified under the State’s Transport Oriented Development (TOD) planning reforms. According to Billbergia, the plan for 88 Waterloo is consistent with TOD planning principles to increase density next to rail stations.

“We’re excited to see 88 Waterloo progress through the Housing Delivery Authority planning pathway," Billbergia Development Director Saul Moran said.

"It’s a great example of site optimisation and future-focused liveability, delivering new homes beside major transport, shopping, and parklands in the heart of a well-connected community."

Subject to approvals, construction is expected to commence by 2027, with completion expected in 2030.

<img alt="88 Waterloo" data-entity-type="file" data-entity-uuid="6d99f2d5-f66f-4332-8a80-27e95e88ac8b" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202026-03-19%20at%208.57.02%E2%80%AFAM.png?VersionId=oCfAeZrgCxWOXwJlVe_AQvPr8C.5zJEu" />

Matthew Hyder, CEO of Legacy Property, said the joint venture partnership has overcome hurdles currently facing developers.

“Our journey to amalgamate over 60 individual apartments across four buildings over the past eight years is a prime example of the challenges faced within the development industry but with the strategic partnership formed with Billbergia, we look forward to delivering on the desperate need for housing in locations where transport, jobs, education and essential services&nbsp;already exist.”

The 88 Waterloo proposal was declared by the Housing Delivery Authority (HDA) in August 2025 for state assessment. It is now set to go on public exhibition.&nbsp;

Billbergia & Legacy unveil $1 billion vision to transform Macquarie Park

A long-stalled Mermaid Beach development site opposite Pacific Fair, previously earmarked for a twin-tower project, is set for a fresh development push with plans for a major mixed-use residential tower.&nbsp;

Billionaire garbo Ian Malouf's development company, REMI Residences, is proposing Project Elegance, a 44-storey tower with over 270 residential apartments and 88 short-term accomodation units at&nbsp;2065 Gold Coast Highway, Mermaid Beach, on the corner of Mermaid Avenue.

Malouf paid $23.76 million for the 3,783 sqm site in 2022, six years after it traded for $34.1 million when it was bought by Hubei United Investment Group.

 
<img alt="First Look: REMI Developments plans major mixed-use tower with 360 apartments at stalled Mermaid Beach site" data-entity-type="" data-entity-uuid="" data-widget="image" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Mermaid%20Beach%20da%20podium.png?VersionId=yRYSSPItvCA5ZeQ49LlwkQYVn7OhEqIC" /><img alt="" data-entity-type="" data-entity-uuid="" draggable="true" height="15" role="presentation" src="data:image/gif;base64,R0lGODlhAQABAPABAP///wAAACH5BAEKAAAALAAAAAABAAEAAAICRAEAOw==" title="Click and drag to move" width="15" />

&nbsp;

The design statement by DKO says Project Elegance "represents a holistic response to its coastal and urban context. It draws upon site, climate, and landscape to create a composed architectural outcome that prioritises occupant experience, public interface, and long-term viability via vibrant and active uses."

They say the subject site&nbsp;occupies a distinctive island parcel with three street frontages and prominent visual exposure to passing visitors.

"This unique position allows the development to form a panoramic dialogue with water and city, setting the foundation for a climate-responsive, site-specific architectural expression.&nbsp;The podium base, inspired by the region’s sandstone headlands and coastal setting, and adopts a sculpted and grounded character that provides a stable counterpoint to the slender tower above."

&nbsp;

<img alt="First Look: REMI Developments plans major mixed-use tower with 360 apartments at stalled Mermaid Beach site" data-entity-type="file" data-entity-uuid="4f088e10-6493-49d4-83cd-10fc039318ac" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Mermaid%20Beach%20da%20tower.png?VersionId=Sbglj0tNBqyvY5V_DlVH.bvjXi8kBbfl" />

Residents and guests would have access to multiple communal recreation levels. Plans include a shared recreation deck on level six, with a pool and three padel courts. There will be a residential-only pool on level seven, and an upper-level communal space only accessible by those buyers towards the top of the tower.

&nbsp;

Ground-floor commercial spaces are proposed to operate between 5am and midnight, contributing to an activated street frontage along the busy Gold Coast Highway corridor.

The site sits within the High Density Residential zone and a Light Rail Urban Renewal Area, where planning policy encourages higher-density development close to transport infrastructure and services. The planning report states the project aims to “ensure the efficient reuse of this centrally located property” and support the transformation of inner-city areas into “more vibrant, compact, interesting, connected and active” precincts.

&nbsp;

The proposal marks the latest attempt to unlock the high-profile parcel, which previously carried approval for the “Elegance” twin-tower development, a project that included more than 500 apartments but ultimately stalled after sales activity ceased in 2019.

REMI Developments has been increasingly active in the Gold Coast property market, with the Malouf-led group positioning itself around premium residential and lifestyle-focused projects as the region continues to attract both interstate buyers and international interest.

Malouf is one of Australia's most impressive entrepreneurs, having sold his waste business fore more than $500 million, having started only with a small truck at 18 years old.

Planning Alert

Editor's Picks

Have something to contribute?

Developments

New apartments

New townhouses

News