A 75-lot subdivision has been proposed for Ravenswood.
More than eight hectres of land at 43-47 Faraday Street and 100 Lambert Street will be subdivided into 75 mixed-sized lots if the development application is approved.
The application was submitted to City of Launceston by 6ty° on May 9.
Included in the plans is a new access road from the Faraday Street and Faulkner Road roundabout to a new junction at 100 Lambert Street.
A secondary access road will connect a private road to the Sunny Hill Tavern, and it will provide access to the east-side lots.
The application also includes plans for two dead-end roads, which will provide access to the southern and northern parts of the site.
Sunny Hill Tavern owner Carlton Dixon is the developer behind the proposed subdivision.
The experienced hotelier said demand for well-priced blocks in and around Launceston is high and largely not catered for, so he is excited to be able to offer blocks for about $100,000 per lot.
“We believe there is real demand at the price range we are proposing especially so close to the CBD, just two kilometres away,” Mr Dixon said.
City of Launceston mayor Albert van Zetten said he was pleased to see the renewed economic confidence in Northern Tasmania is resulting in some significant development proposals for the city.
"Investors and developers are clearly seeing both residential and commercial proposals as worthy of exploration, and we welcome that,” he said.
Last year City of Launceston approved $112.4 million of development across nearly 600 applications.
“We're continuing to see a lot of interest across a whole range of different projects,” Alderman van Zetten said.
“Coupled with the significant major projects already underway around the city, we think this is a very exciting time for Launceston.” The first stage of the subdivision will be at the Faraday Street end, with works expected to begin in September.