Wed. May 18th, 2022

Building height limits along Oxford Street vary, but are predominantly two to three storeys, with some reaching five, 12 and 15 storeys on the west side of the area.

Developers will be eligible for the additional building height if they include uses that are compatible with the function of the street as a “local center”. This includes entertainment venues, health services, educational facilities, hotel accommodation, light industry and community centers.

Taylor Square is a focal point for the City of Sydney's plan to increase building heights along Oxford Street.

Taylor Square is a focal point for the City of Sydney’s plan to increase building heights along Oxford Street.Credit:Wolter Peeters

The council will consult on changes in maximum heights for buildings in front of Taylor Square.

Oxford Street business owner and local Ben Mulcahy said the stretch was dominated by “$ 2 shops and kebabs” and new shops and venues would provide “more reasons to walk down the street”.

Sir. Mulcahy said height restrictions had previously deterred developers. He predicted the changes would lead to “mergers” in which more owners merged neighboring properties to make the investment worthwhile and to create larger rooftop bars and underground music venues.

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“The council does not want apartments – the restaurants, the bars, the clubs will be given priority. This will bring the investment Oxford Street needs. It will be returned to its heyday. ”

Liberal councilor Craig Chung expected the proposed changes would unlock “on the order of hundreds of millions of dollars” of investment from developers looking at the street’s leading properties.

“I think many of the businesses and residents are currently hesitant about what that will mean.

“But I think everyone’s looking forward to a revitalized Oxford Street, it’s been a long time since.”

The council consulted the public last year on ways to revive the retail, retail and entertainment strip, which is characterized by empty shops, dilapidated facades and low foot traffic.

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The review of the planning legislation that applies to the street prompted developers and owners to invest hundreds of millions of dollars in plans to install clusters of boutique hotels, gentrified pubs and creative spaces in anticipation of the proposed culture and entertainment area.

Cr Moore said it was “one of our biggest and most famous streets”, but acknowledged that it was facing “significant problems in recent times”, including the lockout laws, the state government clearway and the Westfield shopping centers in Bondi Junction and the central business district.

She said the changes would build on Oxford Street’s renowned reputation as the heart of Sydney’s LGBTQI community as the city prepares to host the 2023 WorldPride LGBTQI Festival.

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