Key Crows Nest landholding benefits massively from fresh rezoning

Written by

Charbel Abousleiman

Urban Planning Lawyer & Buyers Agent

18/09/2023

Futuro Capital wins big after its site at 378 – 390 Pacific Highway in Crows Nest was officially rezoned on 15 September.

The new planning controls unlock the potential of the site as a large, amalgamated landholding to deliver a high quality mixed-use development opposite the soon-to-be complete Crows Nest Metro Station.

With historic planning controls allowing for a 16-metre building, the prime site can now accommodate:

a building height of RL 176,
a maximum FSR of 7.2:1, and
a minimum non-residential FSR of 2:1.

Futuro Capital’s concept design includes a 4 x storey commercial podium, which will wrap around the Pacific Highway and Hume Street frontage, activating and celebrating the corner. An increased setback of 5 metres will be provided at the intersection for a 3 metre wide break in the commercial podium, creating a private laneway and allowing activation deep within the podium that is protected from the external elements.

The rear of the podium will have an average weighted setback of 8 metres and will include a series of cascading landscaped terraces that suitably transition to the western residential neighbours. Cantilevering the commercial podium will be a tall, slender residential tower form of 16 x storeys, creating two clearly distinguishable building languages.

Aerial shot of the site with the new Metro directly opposite

Set between the commercial podium and the residential tower will be two storeys dedicated to residential amenities, supported by a potential wellness commercial tenant. The vision includes substantial landscaping within the tall vertical proportions of the podium to deliver a leafy green character that spills out onto the street and breaks down the building composition.

In November 2015, the NSW Government committed to a new metro railway station at Crows Nest, which is set to open to the public in 2024. This triggered a state-led investigation into the land use opportunities in Crows Nest and St Leonards, which has and will continue to guide the rezoning of sites within the precinct.

Housing and productivity contributions will be payable at the DA stage to fund infrastructure upgrades to support the increased density.

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