A proposed $ 19.5 million, eight-story Wolli Creek development will include 50 percent affordable housing to be operated by a registered housing provider.
The proposal is for 54 homes at 127 Princes Highway, which is currently the site of a disused warehouse.
It will include 14 one-bedroom, 30 two-bedroom, nine three-bedroom units and a four-bedroom unit, two levels of basement parking with 52 spaces, 284 sqm of commercial space, and roof-top common open space.
The area is laid out B4 Mixed Use and is in transition from industry to residential.
The 1,618-square-foot lot is on the corner of Princes Highway and Argyle Street, 200 meters from Arncliffe Station.
“The most significant social contribution from the development will be the provision of affordable housing,” according to the development application’s statement on environmental effects.
“50 percent of the building’s gross floor area will be made available as affordable housing through a registered housing provider for 15 years.
“It is the intention that an agreement with a housing provider will be concluded prior to the issuance of a Building Certificate. It is recommended to set a condition of consent that strengthens this requirement,” SEE stated.
“The proposal will have a positive social effect that improves the quality of the housing stock in the local area, including affordable housing, resulting in a development that is in line with the desired future character of the area.”