Warrawong is on the cusp of a major transformation with the NSW Government’s approval of the Warrawong Plaza rezoning.
This decision paves the way for a massive redevelopment project that will see the existing shopping centre site transformed into a mixed-use development with approximately 1,300 new homes, including a 15% allocation for affordable housing.
The project, led by Elanor Investors Group, will significantly increase the suburb’s density with building heights reaching up to 22 storeys.
Addressing Housing Needs
The Warrawong Plaza redevelopment aligns with the government’s focus on increasing housing supply in the Illawarra region. The project’s location near public transport, Kully Bay Park, and Lake Illawarra makes it an attractive proposition for future residents. While the project has faced community concerns regarding increased traffic, density, and flooding, the government maintains that these issues have been addressed in the planning process.
Relevance for Developers
This redevelopment presents a significant opportunity for developers and investors interested in contributing to Warrawong’s growth. The project’s scale and scope offer potential involvement in various aspects, including residential construction, retail development, and infrastructure upgrades. The government’s commitment to expediting the project through the State Assessed Planning Pathway signals a favourable environment for development in the area.
Stay Ahead of the Curve
Allen Price is well-equipped to assist developers in capitalising on the opportunities presented by the Warrawong Plaza redevelopment. Our expertise in town planning, civil engineering, project management, and land surveying services can guide developers through the complexities of this large-scale project.
We offer comprehensive support in navigating the approval process, ensuring compliance with regulations, and managing project timelines and budgets.
Contact Allen Price today to discuss how we can support your involvement in the Warrawong Plaza redevelopment and contribute to the future of this evolving suburb.
