Liverpool Council's decision in 2018 to rezone 25 hectares of its city centre has led to the fourth consecutive year of more than $1 billion of development applications being approved.
The $1.34 billion in approvals for the city in 2020 came as work started on the city's biggest commercial redevelopment, Liverpool Civic Place, a partnership between council and Built Development.
"Significantly in 2020, construction of more than $96 million of Affordable Rental Housing was approved, to further contribute to the existing supply of accessible housing for the community," Liverpool mayor Wendy Waller said.
The largest developments approved in 2020 were:
- $105 million: 35-storey mixed use development on Elizabeth Street in Liverpool CBD.
- $95.4 million: Multi-storey warehouse complex at Prestons (6km west of Liverpool CBD).
- $93.5 million: Liverpool Westfieldentertainment and leisure precinct and office tower on the CBD's Macquarie Street.
- $100 million: A mixed use development of 14-storey and 20-storey residential towers on Bathurst Street, also in the CBD.