Plans for Lendlease's 30-storey residential and retail development at Sydney’s Barangaroo has received the green light from New South Wales Independent Planning Commission.
The final tower is part of a set of three, and shortest, designed by Italian architect Renzo Piano.
The approval comes after Lendlease lodged a state significant development application in August for its $146 million tower on the 1750sq m site, near Crown's Sydney hotel and casino and the Hickson Road and Watermans Quay intersection.
City of Sydney had objected to the 103.5 metre tower which resulted in the Department of Planning providing an application to the state’s IPC.
Pritzker Prize-winning Piano won the international design competition on the residential towers at Barangaroo's southern end in 2015.
The newly-approved tower will comprise 210 residential apartments, with a mixture of 167 on-market apartments, and 48 dwellings earmarked for key workers.
Commissioners John Hann and Mary O’Kane noted that “the application would enable outcomes broadly consistent with the previously approved concept plan”, and deliver positive social and economic benefits including the “provision of quality housing and retail accommodation”.
“The Commission also notes the international design credentials of the eminent architect – the Renzo Piano Building Workshop and the appropriate relationship of the proposal to neighbouring buildings and Hickson Park,” the IPC said in a statement.
Barangaroo, which spans a 22-hectare development precinct located on the north-western edge of the Sydney CBD is divided into three redevelopment areas; Barangaroo Reserve, Barangaroo Central and Barangaroo South.
Earlier this year the IPC approved GPT and AMP Capital's redevelopment plans in nearby Cockle Bay Wharf after City of Sydney had objected to the potential for overshadowing from the proposed 183-metre tower.
Six architectural firms have since been shortlisted for the consortium's $650 million project on the eastern edge of Darling Harbour.