$300m allocated for Tasmanian Town Urban Renewal Project
By Rob Kennedy on 26 November 2018
Sydney-based developer Traders in Purple has been appointed by Kingborough Council as its partner for a major urban renewal project in Kingston, south of Hobart.
Included in the early plans are a community hub, a mix of low, medium and high-density residential and retirement living options, an aged care centre, a commercial space and 4-hectares of parkland. The development will provide up to 400 residential dwellings, create up to 1,000 skilled jobs and boost up to $80 million a year into the local economy, once completed.
After the school was closed in 2010, the site remains an underutilised asset, thus, the $300 million renewal project aims to turn the former Kingston High School into a business district to boost the growing city.
The first stage of construction could be set to commence next year as it is still subject to approvals.
Photo courtesy of Traders in Purple