NSW Planning Minister, Tony Kelly, yesterday announced the approval of a $147 million residential, commercial and retail development on a carpark site at Chatswood, providing additional housing and employment in close proximity to Chatswood Railway Station.
The development comprises two towers – one 29 storey residential tower and a 21 storey commercial tower – and will include 202 apartments, ground floor and lower level retail uses, 250 basement car spaces and a pedestrian plaza. Eight affordable housing units will be transferred to Willoughby City Council.
Mr Kelly said the development proposal at the Thomas St Car Park, approximately 150 metres from Chatswood Railway Station, is consistent with the government's metropolitan planning objectives.
"The Department of Planning has determined that the proposed development is appropriate and fits within a higher-density section of Chatswood's CBD," Mr Kelly said.
Mr Kelly said that while the proposal will result in view loss to some nearby residences, the site has been zoned for high-density uses in the draft Willoughby local environmental plan.