A $500 million shopping centre redevelopment that was rejected by a local council has been approved by a state tribunal despite only eight out of 605 homes set aside for social housing.
The Northcote Plaza redevelopment will include 6,500 square metres of retail space, three levels of basement parking, a public laneway, four residential towers, including a central 18 storey high tower, and an office building.
Darebin Mayor Lina Messina said the social housing approved was a “bare minimum” and Northcote Plaza was another missed opportunity to build social housing near local jobs, transport and community services. Developers have to abide by a voluntary framework which requires negotiation with councils about the inclusion of social and affordable housing in projects.
Time & Place director Tim Price said the build-to-rent offering in the development was substantial, and while Northcote was once a more working class inner north postcode, it was now gentrified.
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