This article is from the Australian Property Journal archive
THE Joint Regional Planning Panel has approved GPT’s East End development in Newcastle.
The development will deliver a total of 55,400 sqm gross floor space, including 500 apartments, 4,900 sqm of retail, 2,700 sqm of commercial and 491 residential car parking spaces.
The proposal encourages the redevelopment of the historic former David Jones building to feature boutique retail on the ground level with loft-style apartments above while retaining the significant heritage components of the site. There will be no height added to the former David Jones building at the corner of Hunter and Perkins streets. The plan includes a 12-level development on the corner of King and Perkins streets and a nine-level development on the corner of King and Newcomen streets.
UrbanGrowth NSW CEO David Pitchford said the approval provided the development framework needed to attract investment in Newcastle’s city centre.
“UrbanGrowth NSW and The GPT Group worked very closely with Council to develop a concept that responded to community feedback and struck a balance between what Council and the community wanted and what would encourage investment and jobs growth in the inner city,” Pitchford said.
“Today’s approval means this project can proceed and act as a vital catalyst for revitalisation, investment and jobs growth in Newcastle’s East End.” he concluded.
Australian Property Journal
