A $60 million investment project for the Paterson Street Central car park has been lodged with the City of Launceston council by owners Don and Janet Allen.
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Car Parks Super director Don Allen lodged the development application just days after a Federal Court judge dismissed a claim by Creative Property Holdings that a sale contract for the car park be enforced.
CPH, which proposed a $90 million Creative Precinct on the site, is looking at alternative sites. Federal and State Governments committed about $23 million to the proposal.
Mr Allen said the mixed use development would comprise five levels on the site adjacent to the former Birchalls store and present Myer store.
The proposed development would include retail shops on the ground level, three levels of public car parking of about 234 spaces and a roof top level featuring eight, three-bedroom residential apartments.
Car Parks Super received approval for a similar development in 2007 and the proposal has been updated by ARTAS Architects.
Mr Allen said he was pleased to be able to proceed with the development to the benefit of shoppers and retailers after the Federal Court of Australia decision.
"This development will expand the very popular car park and strengthen the retail and commercial heart of the city through a civically responsible development," he said.
He said that it was intended that future progressive conversion of upper parking levels to other uses could be made if car parking facilities were no longer necessary.
"There will be re-charging facilities for electric cars while they park, solar energy collection panels for the apartments and stormwater collected for their garden watering systems," he said.
Mr Allen said he had received support from property owners and retailers as well as having been recognised as a Key City Project by the City of Launceston's Council's Consultants, Ratio Consultants in the Central Development Strategy.
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Nick Clark
I am the Supreme and Magistrates Court reporter for the Examiner for the past 18 months. My journalism career has clicked over 30 years and encompasses four different spells at Tasmanian newspapers.
I am the Supreme and Magistrates Court reporter for the Examiner for the past 18 months. My journalism career has clicked over 30 years and encompasses four different spells at Tasmanian newspapers.
