The revised plans for the Green Square Town Centre will go on public exhibition following Council's endorsement on Monday night.
Green Square is Australia's largest and one of its most significant urban renewal projects. When complete, the Green Square are will provide about $8 billion in economic benefits, 20,000 new homes for about 40,000 new residents and 22,000 new jobs.
Under the plan, a new Town Centre and civic precinct will be surrounded by shops and community and cultural facilities. It will also provide affordable housing and green infrastructure to create a sustainable precinct.
Council is working with the land owners to incorporate green infrastructure, including trigeneration, water reuse and automated waste, into the development from day one. This will mean cheaper energy bills for residents who will use 51 per cent less energy and 25 per cent less water than used by other city residents.
Council previously exhibited a planning proposal from the Landcom, Mirvac, Leighton consortium. Public submissions relating to the location, size and scale of buildings have been incorporated into the revised plan.
The revised plans are expected to be placed on public exhibition next month and submissions will be invited.