Plan to build 'megalot' in affluent Sydney harbourside suburb
Developers are hoping to build a "megalot" in the affluent Sydney harbourside suburb of Mosman.
A dozen homes have been bought for $85 million in total to make way for a new project on Brierley Street.
The plan is to build an eight-storey building which will house up to 100 apartments.
READ MORE: Think house prices are bad now? They're about to get much worse
Beautiful coastal town Mosman with houses and Pacific ocean coastline, suburb of Sydney Australia, full frame horizontal composition with copy space Getty
If the project is approved, 15 per cent of the properties will be allocated to affordable housing.
Mosman residents have been fighting against development plans in their suburb, fearing that it will lower the living standards they are used to.
DOWNLOAD THE 9NEWS APP: Stay across all the latest in breaking news, sport, politics and the weather via our news app and get notifications sent straight to your smartphone. Available on the Apple App Store and Google Play.
Share a tip-off, video or photo with us
Most viewed in Australia
Australian woman who died after falling from cliff near Bali was Queensland ecologist
PM ‘stunned’ over Pauline Hanson’s attack on his late mother
Six years ago, Australia had a $38 billion early super experiment. It didn’t go to plan
Tony Abbott’s ex-chief of staff says she wanted Julia Gillard to succeed
