Devonport's LIVING CITY initiative continues to drive growth and progress, with a new development set to further enhance the CBD. As part of this transformation, Council has unanimously approved the sale of the Council-owned portion of the Edward Street Car Park to Small is the New Big (SITNB) unit trust. This decision will pave the way for a mixed-use development that will support local business, expand housing options, and reinforce Devonport's position as a growing and vibrant city.
The proposed four-storey development will feature seven ground-floor commercial spaces and 35 residential apartments, creating new opportunities for businesses and residents to thrive in a central location. Designed to complement the existing character of Edward Street, this project builds upon the success of the nearby Red Hot Lofts, a highly-regarded development also led by principal of SITNB, Ian Ugarte.
The decision to repurpose the Edward Street Car Park is considered a more strategic use of valuable city space, with the nearby multi-storey car park providing equally convenient parking for the CBD, with undercover options and additional capacity.
The land will be sold for $825,000, which has been based on an independent valuation. A development application has been lodged and will soon be publicly advertised, marking another step forward for Devonport's LIVING CITY.
Ian Ugarte, principal of SITNB, expressed confidence in the project and Devonport's future. "The Council's progressive vision and the LIVING CITY initiative have made Devonport an exciting place to invest, grow, and create new opportunities. SITNB is proud to contribute to this momentum by delivering a development that strengthens commercial activity, provides modern housing, and supports the ongoing transformation of Edward Street."
Devonport Mayor Alison Jarman welcomed the project, highlighting the value it will add for the community. "This development reflects Devonport's ongoing progress. The addition of new commercial spaces will create opportunities for businesses, while 35 new apartments in the CBD will expand housing options for residents. We are committed to building a city that supports growth, investment, and a high quality of life, and this project is an important part of that journey."
"The proposed development will include on site resident parking and Council will continue to operate a small public car park at the southern end of the existing carpark on a separate title which is not part of this sale," said Mayor Jarman.
This new Edward Street development will continue to strengthen Devonport's position as a leading regional hub, further driving city growth, innovation, and providing new opportunities for businesses and residents.
