Phillip and McEvoy Streets to the north and south, and Pitt and Cope Streets to the east and west.
Indicative Land Area
Preferred Masterplan released
Following the NSW Government’s announcement of the new Waterloo Metro Station, the Waterloo social housing estate will be redeveloped with new social housing and more affordable and private housing. The redevelopment also includes the area above and around the new metro station.
The Waterloo Redevelopment Precinct covers land owned by the NSW Government, including the Waterloo social housing estate and the land around and above the new Waterloo metro station, known as the Metro Quarter. It also includes a number of privately owned properties. The map below outlines the boundaries of the Redevelopment Precinct. This is the area that the community is being consulted on in relation to the masterplan. The NSW government has nominated this area as a State Significant Precinct.
Waterloo redevelopment precinct
Preferred Masterplan for Waterloo
Following extensive community consultation with residents and other stakeholders on three redevelopment options, a preferred Masterplan for the future of the Waterloo Estate has been prepared.
The Waterloo preferred Masterplan will provide new and modern social and affordable housing, mixed with private housing in a well-located community close to the new Waterloo Station and Metro Quarter.
Over the next 15-20 years, the Masterplan will guide the development of about 6,800 new homes with 60% of new buildings being 7 storeys or lower.
Of the total dwellings, 35% will be social and affordable housing and the affordable housing will be owned in perpetuity.
Residents will have better access to shops and services and local employment opportunities. There will be new multi-purpose community facilities providing space for cultural events, community learning, childcare and health services.
There will also be 3 hectares of safe open spaces, including new public parks and landscaped boulevards. The parks will provide residents and visitors with a place to celebrate events and enjoy outdoor activities. George Street will be transformed into a 20-25m wide tree-lined pedestrian boulevard with water features and good lighting, providing a safe and enjoyable walking experience.