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Former CUB site gets development tick

THE New South Wales Government has given the green light to the $1.3 billion redevelopment of Sydney's old Kent Brewery site which has the potential to create 6700 jobs reports AAP on 19 February 2009 in the Australian.

The 5.8 hectare commercial, retail and residential development was unveiled in April last year with the modified concept plan for the Chippendale site now approved.

The changes to the original development include doubling the open space area, while the floor space will also be increased by 20,000 square metres.

The main tower on the site will be 32-storeys high, the same as the University of Technology building across the street on Broadway.

The taller buildings will now all be focused along the Broadway and Abercrombie Street ends.

Premier Nathan Rees said the former Carlton United Breweries site had the potential to create 1200 construction jobs and 5000 ongoing jobs once completed.

However, a public car park for the site has been removed, although there will still be 2000 private spots.

The increase in floor space has also increased the affordable housing contribution developer Frasers Property will make from $23 million to $32 million.

Planning Minister Kristina Keneally said this would be the largest affordable housing contribution in NSW and would go towards building residences in Redfern and Waterloo.

"We're particularly looking at using that for key worker housing," she said.

Construction on the site is due to begin in early 2010.

Source: www.theaustralian.news.com.au/story/0,25197,25078533-12377,00.html