The state government cited the delivery of more than 40 well-located dwellings in approving developer Toohey Miller's proposal. Eleven of the new units will be offered as affordable housing at below-market rent for 15 years, a condition that has drawn criticism from opponents who argue it represents an overall loss of relatively affordable homes.
Independent Woollahra councillor Harriet Price, who represents the Paddington ward, said tenants at the 50-year-old apartment block approved for demolition had recently woken to the sound of a large truck delivering building materials and hoardings to the development site.
Planning documents submitted by the developer show the proposed building includes double-storey penthouses. Woollahra Council, the local MP and more than 330 residents lodged objections to the proposal, expressing concern that the replacement of 27 studios with a mix of larger luxury apartments would reduce the supply of lower-cost housing in the area.