The fate of more than $70 million in Wollongong developments will be decided next month, as the regional planning authority considers two multi-storey residential proposals for the CBD.
If approved, the two buildings will deliver more than 250 new apartments – as well as extra shops and office space – in the city centre.
At a meeting scheduled for March 6, the Southern Joint Regional Planning Panel will decide whether to allow Sydney-based firm PSR Crown Investments to transform Wollongong’s derelict Oxford Tavern site into a towering residential and commercial complex.
Worth $38 million in capital investment, the development, to be known as Oxford on Crown, would include 135 apartments across two 14-storey towers.
The south tower, at the corner of Corrimal and Burelli streets, would contain 68 apartments while the north block at the corner of Corrimal and Crown streets would have 67 residences.
There would also be two lower floors of shops and office space, and two basement levels with room for 259 cars.
As part of the development proposal, the Oxford Tavern and surrounding buildings would be bulldozed.
Also being considered on March 6 is a $32 million affordable housing project on Auburn Street.
Welfare and employment agency, Employment Services Holdings, announced plans to build an 18-storey mixed use development in April last year.
If approved, the complex would house 116 apartments and three commercial levels, as well as parking for 93 cars at a long-vacant Auburn Street site once earmarked for an Australian Technical College.
Half the apartments would be for households with low to moderate incomes.
Both will be assessed by the Joint Regional Planning Panel because they have a capital value over $20million.