The NSW government has approved a third new apartment complex on the Honeysuckle waterfront.
Development company Miller Property bought the 5600-square metre site in Honeysuckle Drive off the state government for about $16 million last year and announced plans to build 110 units across three seven- and eight-storey buildings.
NSW Planning Minister Rob Stokes, whose department assessed the project as a state significant development, said in a media statement on Friday that the approval "demonstrates the government's commitment to the redevelopment of Honeysuckle into a vibrant waterfront precinct with more jobs, homes and public spaces for the community to enjoy".
Miller Property boss Warwick Miller said work would start in early 2021.
Approval for the Miller Property project, which is being marketed as Horizon on the Harbour, follows the opening of the company's Verve apartment towers in King Street last year.
The government said the Horizon development was one of 24 projects in the second round of its Planning System Acceleration Program to speed up assessments during the coronavirus pandemic.
Meanwhile, developer Doma Group plans to resume work on its second Honeysuckle waterfront apartment complex next month.
Doma started the Huntington units, which sit between the company's Lume apartments and the Miller Property site, in November but stopped soon after.
A Doma spokesperson said on Friday that the company had decided to delay work so it could use the Huntington site to store equipment and materials from the Lume construction.
He said Lume would be finished in several weeks, allowing work to start on Huntington's 88 apartments at the end of July.
Doma is also building the city's largest office building beside the Newcastle Interchange and putting the finishing touches on its five-storey car park and bus interchange on the Store site.
The company also plans to build a hotel in Honeysuckle Drive, an apartment complex in Merewether Street and two 30-storey residential towers at the Store.