Unique Hunter Street site hits the market
The Hunter and Central Coast Development Corporation is taking the final parcel of former rail corridor to the market to help facilitate more jobs, homes and improved urban outcomes connected to new transport.
The 4125m2 site is located adjacent to the Crown Street light rail stop on Hunter Street and has been renamed Rail Bridge Row in recognition of the AA Company Bridge that once crossed the rail corridor in that location to take coal to the harbour.
Acting Chief Executive Valentina Misevska said Rail Bridge Row presented a rare investment opportunity in the Newcastle CBD, and chance to create something unique that influences the changing face of the evolving city centre.
“Rail Bridge Row is a long and narrow site with amazing street frontage along Hunter Street – there is a real opportunity to create a high-quality urban design outcome that also works to attract more people into the city centre,” said Ms Misevska.
“Through the Revitalising Newcastle program, we have created new public domains like Market Street Lawn and Museum Park, as well as facilitating opportunities like the University of Newcastle Honeysuckle expansion and the Evolve Housing outcome, and now Rail Bridge Row presents another chance to further improve the future of the city.”
Rail Bridge Row is predominately zoned as mixed use, with opportunities for residential and/or commercial outcomes, in line with the City of Newcastle’s Development Control Plan and Local Environmental Plan 2012.
“While Rail Bridge Row represents the final piece of corridor land for sale, the urban renewal of our city is ongoing, with much to still look forward to,” said Ms Misevska.
“The revitalisation hasn’t ended with the commencement of light rail services – by creating employment, residential and recreation opportunities along the rail corridor, we’ll still be seeing new benefits appearing over the next five to 10 years.
“This is another exciting milestone for the city, and we’re excited to see what the market identifies as the best outcome for this space.”
Expressions of Interest close on 16 December 2019.
Colliers International is offering the site to market on behalf of HCCDC and more information can be found at railbridgerow.com.au or by calling Colliers International Newcastle on 4915 4020.