Waterloo Integrated A Joint Venture Project Station Development WATERLOO METRO QUARTER OVER STATION DEVELOPMENT Environmental Impact Statement Appendix AA - Social and Economic Assessment [SSD-10437 Southern Precinct] [SSD-10438 Basement Car Park] [SSD-10439 Central Precinct] and [SSD-10440 Northern Precinct] Detailed State Significant Development Development Application Prepared for Waterloo Developer Pty Ltd 30 September 2020 © Waterloo Developer Pty Ltd 2020 Page 1 of 131 Waterloo Metro Quarter Over Station Development EIS Appendix AA – Social and Economic Assessment Reference Description Applicable SSD SSD-10437 Southern Precinct Applications SSD-10438 Basement Carpark SSD-10439 Central Precinct SSD-10440 Northern Precinct Author Urbis Pty Ltd Alex Stuart Rachel Trigg Erin Henshaw-Hill Reviewed Waterloo Developer Pty Ltd Matthew Rawlinson Tim Manning Document Number WMQ-SITE-URB-RPT-SEIA Status Final Version 3 Date of Issue 25 August 2020 © Waterloo Developer Pty Ltd 2020 © Waterloo Developer Pty Ltd 2020 Page 2 of 131 Waterloo Metro Quarter Over Station Development EIS Appendix AA – Social and Economic Assessment Table of Contents 1. Glossary and abbreviations .................................................................................................. 10 2. Executive summary ............................................................................................................... 13 2.1 Project Background ..................................................................................................................... 13 2.2 Proposed Development ............................................................................................................... 13 2.3 Social Needs Assessment ........................................................................................................... 13 Community and Cultural Facilities ............................................................................................... 14 Open Space and Recreation ....................................................................................................... 14 Early Childhood Education and Care ........................................................................................... 15 Education Facilities ...................................................................................................................... 16 Health Facilities ........................................................................................................................... 16 2.4 Market Demand, Need and Impact ............................................................................................. 16 Commercial Office ....................................................................................................................... 16 Residential ................................................................................................................................... 17 Retail ........................................................................................................................................... 18 Childcare ..................................................................................................................................... 18 Gym ............................................................................................................................................. 19 2.5 Economic Benefits ....................................................................................................................... 19 3. Introduction ............................................................................................................................ 23 3.1 The Site ....................................................................................................................................... 23 3.2 Background ................................................................................................................................. 25 About Sydney Metro .................................................................................................................... 25 Sydney Metro Northwest ............................................................................................................. 26 Sydney Metro City and Southwest ............................................................................................... 26 Sydney Metro West ..................................................................................................................... 26 Sydney Metro Greater West ........................................................................................................ 26 Sydney Metro CSSI Approval (SSI 7400) .................................................................................... 27 3.3 Concept Approval (SSD 9393) .................................................................................................... 28 3.4 Proposed development................................................................................................................ 29 3.5 Methodology and Scope .............................................................................................................. 30 4. Social Needs Assessment .................................................................................................... 31 4.1 Document Review ....................................................................................................................... 31 NSW State Government Strategic Direction ................................................................................ 31 City of Sydney Strategic Direction ............................................................................................... 32 Detailed Planning Relevant to the Waterloo Precinct .................................................................. 34 Summary ..................................................................................................................................... 38 4.2 Existing and Future Population ................................................................................................... 39 Likely Future Population Characteristics ...................................................................................... 40 Likely Future Population .............................................................................................................. 41 Summary ..................................................................................................................................... 42 4.3 Existing Social Infrastructure ....................................................................................................... 42 Community and Cultural Facilities ............................................................................................... 42 Open Space and Recreational Facilities ...................................................................................... 44 Childcare Facilities ....................................................................................................................... 45 Education Facilities ...................................................................................................................... 46 Health Facilities ........................................................................................................................... 47 © Waterloo Developer Pty Ltd 2020 Page 3 of 131 Waterloo Metro Quarter Over Station Development EIS Appendix AA – Social and Economic Assessment Summary ..................................................................................................................................... 48 4.4 Social Needs Assessment ........................................................................................................... 49 Community and Cultural Facilities ............................................................................................... 49 Open Space and Recreation Facilities ......................................................................................... 50 Early Childhood Education and Care ........................................................................................... 51 Education Facilities ...................................................................................................................... 53 Health Facilities ........................................................................................................................... 53 Summary ..................................................................................................................................... 54 5. Commercial Office Assessment ........................................................................................... 56 5.1 Proposed Development ............................................................................................................... 56 5.2 Study Area ................................................................................................................................... 57 5.3 Supply .......................................................................................................................................... 58 Existing ........................................................................................................................................ 58 Proposed ..................................................................................................................................... 61 5.4 Demand Assessment .................................................................................................................