A plan to build hundreds of apartments in an empty block on Elizabeth Street Redfern is getting closer to reality, with the recent announcement of a consortium that will work on the project.
Read: New Proposal Unveiled For Redfern Housing Project
The consortium includes Bridge Housing, which is one of the leading community housing providers in Australia, and national infrastructure developer Capella Capital.
The companies were appointed by the NSW Government to develop the $230 million renewal of Elizabeth Street, which will involve the construction of 300 new homes, one third of which will be social housing.
The proposed development at 600-660 Elizabeth St, also includes a 3,500sqm community facility, which will serve as a hub for local services, potentially including the PCYC subject to funding, and Bridge Housing’s new head office with community meeting space.
“We’re transforming Sydney’s inner city to deliver multiple benefits to the local community, including much-needed new housing close to jobs, public transport and open space,” said Minister for Planning and Minister for Homes Anthony Roberts.
In addition to 100 social homes, Minister for Families and Communities, and Minister for Disability Services, Natasha Maclaren-Jones said the project proposes a mix of housing including affordable homes, homes for key workers, disability support units and private homes.
“The new social homes to be delivered at Redfern will be used to accommodate local relocations from the planned renewal of the Waterloo Estate, supporting greater connection to Country for Aboriginal residents and the broader community,” Mrs Maclaren-Jones said.
Meanwhile, Bridge Housing CEO Rebecca Pinkstone said they were delighted to have been selected to bring the project to life as the project developer in collaboration with Capella Capital. It is the first time a CHP has been appointed to lead a Communities Plus project.
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“The development will become a blueprint for how the community housing sector, working in partnership with government, institutional investors, commercial lenders and the private sector, can deliver social and affordable housing at scale,” Ms Pinkstone said.
Works are set to commence in 2025 and will create over 700 jobs during construction.