Doma Group will lead the bold transformation of The Store site at 854 Hunter Street in Newcastle, with a $200 million redevelopment that will take design and opportunity to new levels in the city’s emerging West End.
Doma Group’s General Manager for Development Gavin Edgar said The Store site presented a complex challenge.
“In our concept plan we have incorporated a major piece of infrastructure - the new Newcastle Bus Interchange (NBI) - with an integrated development that maximises the development opportunity and density being encouraged around the major transport nodes.”
The announcement was made by the Minister for Infrastructure and Transport, the Hon. Andrew Constance MP in Newcastle last week, where he described the milestone as the start another catalytic change for the city.
The redevelopment of the 12,000m2 site was narrowed to down to three shortlisted bidders and continues Doma Group’s stellar run in Newcastle of successfully winning NSW Government tenders.
“We have worked very closely with Bates Smart architects to come up with an innovative design solution that provides an integrated masterplan delivering a new 13,000m2 standalone office, retail and two residential towers and structured carpark that is built over the NBI designed and approved by Transport for NSW,” said Mr Edgar.
“The office space will be anchored by NSW Government tenants, which extends Doma Group’s capability in securing long term office tenants, having completed the 7,100m2 Gosford ATO Office in March and about to start a 13,200m2 Office pre-recommitted to the ACT Government for 20 years adjacent to the transport interchange in Dickson.
“This project further enhances our commitment to Newcastle,” said Mr Edgar, “and leverages our skills of delivering office buildings for Government tenants as well as complex and large scale staged residential and mixed-use development.
“Once we satisfy the REF approval conditions for the bus interchange, we hope to be on site and starting work as early as July this year.
“It is certainly an exciting time in Newcastle’s history right now, and Doma Group is thrilled to be an integral part of the story.”
The Store development marks Doma Group’s seventh investment in Newcastle.