REVISED PLANS APPLAUDED

The combined commercial/residential development - which will be the first in Australia to receive a six-star green rating - met with a mixed response, with Planning Minister Frank Sartor describing the plans as "terrific" and saying that the final product would be a "great legacy for Sydney", while residents and a local councillor still have some concerns.

The Planning Department will look at the revised concept plan, which is the result of consultations with the community and sustainable planning experts, within the next two weeks.

The development sets new standards for sustainable development, with Frasers aiming for 100 per cent carbon-neutral operation.

Gas-powered tri-generation technology will be used for power, heating and cooling, while all non-potable water will be come through on-site rainwater collection and waste water recycling.

During the demolition of the existing site, which has already started, 90 per cent of all waste will be recycled, including all timber and metal products.

The park planned for the interior of the site has also been enlarged, while artist's impressions of the site show plants and green areas on roof gardens and balconies.

Residents say that while they're happy with the sustainability and green measures in place, they have concerns about the density and bulk of the site.

"We were hoping that by changing (the commercial/residential mix) to 50/50 they'd lower the height of the building, but they have increased the density, so we're disappointed with that," said Lindsay Charles of the Chippendale Residents Interest Group.

She said the group still hoped there was room for discussion with Frasers on the issue and that a community meeting would be held soon.

"Frasers have addressed all the major concerns we had in the sustainability area," Ms Charles told Central. "We applaud them for that.

"They've increased the open space, removed cars from the area... they're great initiatives."

Councillor John McInerney said that while he was pleased by the expansion of the park and the retention of more heritage buildings than in the initial plan submitted to the council, he was concerned by the changes brought by an increase in the floor space ratio.

A Frasers Property CEO Nicholas Wolf and colleagues inspect the site.

Artist's impression of the Broadway redevelopment, which aims to be carbon neutral.