Published on 17 December 2015
Devonport City Council Mayor, Alderman Steve Martin has announced Council’s purchase of 74 Rooke Street, the final strategic property required to advance the LIVING CITY waterfront precinct development.
The site, which is adjacent to the Harris Scarfe building acquired by Council in February 2014, is currently leased to two automotive businesses.
The LIVING CITY Waterfront precinct development will be undertaken as part of Stage 3 of the $250 million strategy and will connect the CBD to the waterfront. It is proposed to feature a hotel, restaurants & cafés, residential apartments, public open space and cultural facilities.
With the purchase of 74 Rooke Street along with the Harris Scarfe building, Council have overcome what has long been seen as an impediment to the redevelopment of the Devonport CBD preventing improved connection between the City and the Mersey River.
“Council have been in negotiations with the owner for some time and are pleased to have finally secured the property which completes the acquisitions required to enable the development of the waterfront precinct, a vital part of LIVING CITY” said Mayor Martin.
“The purchase of this property is undoubtedly another significant step forward in ensuring Council deliver the LIVING CITY Master Plan, a plan which will have massive economic, social and community benefits for this region”.
Mayor Martin confirmed Council paid $900,000 for the property.
“The community can take comfort in that the rental arrangements that are in place provide Council with a positive financial return as a result of this purchase”, Mayor Martin said.