A new urban renewal project within walking distance of Redfern station will include up to 600 build-to-rent and affordable homes, a new public parkland and the adaptive reuse of the heritage-listed Clothing Store building.
Expressions of interest are open for industry partners to jointly develop and operate the site within the Clothing Store sub-precinct of Redfern-North Eveleigh.
Minister for Infrastructure, Cities and Active Transport Rob Stokes said 90 per cent of the homes would be build-to-rent or affordable housing, located within metres of the burgeoning Tech Central precinct.
"The people that make our city function shouldn't have to commute for hours to get to work, which is why we're building more key worker housing in the inner city," Mr Stokes said.
"This Government has committed to set aside 30 per cent of all residential stock on our urban renewal precincts for affordable and diverse housing and on this project we'll deliver triple that target.
"This will provide much-needed secure housing for renters, with 75 per cent of the homes earmarked for build-to-rent housing and 15 per cent as affordable housing for key workers.
"This is another city-shaping precinct that will create 3,000 square metres of new, green public parkland, reimagine the heritage-listed clothing store into a space for the community, and play a critical role in bolstering Sydney's status as a 24-hour global city."
Transport Asset Holding Entity (TAHE) CEO Benedicte Colin said the precinct was being delivered in partnership with Transport for NSW and had been subject to community consultation.
"We've worked with the community on the vision for this precinct and will continue to do so over the coming months," Ms Colin said.
"This proposal highlights TAHE's ability to deliver innovative housing models, ideally located next to public transport, while maintaining long-term ownership for the people of NSW."
The selected proponent will manage the site on a 99-year ground lease. Eligible organisations can express interest until 4pm, Monday 19 December, 2022 via NSW Government's eTendering website.
