To read the full submission, CLICK HERE
Urban Taskforce Australia welcomes the proposal to open up the Randwick Junction Town Centre to further development, but believes that the zoning, density, and affordable housing requirements are not going to make developments more feasible.
Heights and FSR
The proposal gives a modest height increase to all bar four locations, allowing for 3-6 storeys.
This increase will not make projects feasible, given that parking will need to be provided and, hence, excavation will have to occur.
We note that four locations have been granted an increase to 11-13 storeys and note further that three of these have already been declared State Significant Developments by the Minister for Planning.
The modest uplift for all other locations is unlikely to provide sufficient returns to justify the expense of construction, pushing them further towards unfeasibility.
To read the full submission, CLICK HERE