Award-winning developers Billbergia and Legacy Property have unveiled plans for 88 Waterloo, a transformative $1 billion-plus mixed-use development in Sydney’s North West that will redefine the Macquarie Park skyline and deliver a new model of sustainable urban living.
Set on an amenity-rich site opposite Macquarie University Metro Station, and adjacent to Macquarie Centre, the project at 88 Waterloo Road will become the suburb’s largest and most premium residential community.
The landmark development will replace existing walk-up apartments with two elegant towers of 60 and 52 storeys, delivering a total of 858 apartments; 60 of which are slated for affordable housing.
The project, designed by AJC Architects, will feature a four-level podium that integrates communal dining areas, games and work-from-home rooms, and a landscaped rooftop conceived as a shared “urban backyard”.
The podium level will include lawns, gardens planted with edible native species, a lap pool and children’s splash area, BBQ spaces, outdoor workstations, yoga and wellness zones, as well as a sauna and cold plunge pool.
88 Waterloo will provide homes for more than 2,000 residents, supporting the NSW government’s National Housing Accord targets.
Located within one of the state’s eight Accelerated Precincts under Transport Oriented Development (TOD) planning reforms, the development exemplifies the vision for high-density housing close to major transport and employment hubs.
“We’re excited to see 88 Waterloo progress through the Housing Delivery Authority planning pathway,” said Saul Moran, Development Director at Billbergia.
“It’s a great example of site optimisation and future-focused liveability, delivering new homes beside major transport, shopping, and parklands in the heart of a well-connected community.”
According to Billbergia, the project aligns with TOD planning principles by increasing residential density near rail infrastructure, ensuring future residents have easy access to transport, jobs, education, and open green space — including the adjoining 7,000 square metres of Elouera Reserve.
The project represents a culmination of nearly a decade of site assembly and planning.
Matthew Hyder, CEO of Legacy Property, said: “Our journey to amalgamate over 60 individual apartments across four buildings over the past eight years is a prime example of the challenges faced within the development industry but with the strategic partnership formed with Billbergia, we look forward to delivering on the desperate need for housing in locations where transport, jobs, education and essential services already exist.”
Adopting the Designing with Country framework, AJC’s design draws inspiration from local stories of the Wallumai (Black Snapper) and Girrawi (Yellow Crested Cockatoo), creating a connection between the building form and the surrounding landscape.
Brian Mariotti, Director at AJC Architects, said: “Our vision for 88 Waterloo was to create a new benchmark for sustainable urban living in Macquarie Park, centred around a shared ‘urban backyard’ that provides generous outdoor space for residents.
“Guided by Connecting with Country principles, the geological landscape informs the podium character, shaping communal spaces as places for gathering, storytelling and connection.”
The proposal was declared by the Housing Delivery Authority (HDA) for state assessment in August 2025 and is now set to go on public exhibition.
Construction is slated to begin by 2027, with completion anticipated in 2030.
