One hundred fifty jobs will be created by a $100 million new development at the former Waterloo House, it emerged today.This morning Premier Paula Cox shoveled the first concrete footing at the Pitt's Bay Road site where a new five-storey office and residential development is being created by the Green family, who bought the site.She said the project was a step towards revitalising the waterfront, adding: “That is what we mean when we talk about a public private partnership,” she said. “The Green family is helping to stimulate the economy.”Ground broke on the project several months ago with D&J Construction excavating the land. At the time Alex DeCouto, president of Greymane Contracting, said the project helped stave off a potential “apocalyptic depression” for the construction industry in 2010.Today the Premier, Minister Michael Scott, architect Ted Wood and the Greens - Peter, Alexander and Andrew - poured the building's first concrete footing. Before pouring the concrete they tossed coins into the footing, which represent good luck and good fortune during the construction period and for the future occupants of the building.