Clover Moore says she is willing to work with the premier but there are significant impediments to transforming office buildings into homes.
The state government is adamant Sydney’s business district can accommodate more intensive residential development, putting it on a collision course with the city council which warns it won’t be a silver bullet for tackling the housing crisis.
“We’ll get there,” Minns said on Friday. “I’m not going to announce the policy changes today but I’m clearly signalling that it makes eminent sense to have more residential development close to the city, added to which it will add a 24-hour economy to an area that’s really only vibrant during business hours.”
Minns had said the City of Sydney “has had a real aversion to residential development in the heart of the CBD, with a preference for commercial”.“I think that needs to be looked at, to be honest, and the reason for that is that you are seeing a cyclical change to people’s work habits that I’m not sure will bounce back as quickly as many CBD businesses want,” Minns told an event organised by the Property Council of Australia this week.
Minns argued that city centres were less vibrant when commercial buildings dominated, and that increasing the amount of residential development close to the central business district was “certainly the way Manhattan grows, and [other] major metropolitan [areas] around the world”. A City of Sydney spokesperson said the council’s Central Sydney Planning Strategy incentivised commercial floor space without prohibiting residences as Sydney was “a global city for commerce”.
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