The next stage of the LIVING CITY initiative is underway, with the development of a state-of-the-art cycling hub along with inner city apartments in Devonport's CBD.
In early 2021, part of 29 Fenton Way was listed as one of four development sites open for Expressions of Interest for future development.
Devonport Mayor Alison Jarman said the Expressions of Interest process was designed to stimulate economic activity and growth within the city, providing opportunity for the private sector to participate in the ongoing development of the CBD as part of Council's LIVING CITY initiative.
"With the LIVING CITY Waterfront Precinct now open, Council is focused on attracting further commercial and retail growth in our CBD", Devonport Mayor Alison Jarman said.
Locally owned DOKS Developments will acquire the Fenton Way site, constructing a $3 million development that consists of a Giant retail store, café, bike hire, shuttle bus zone for mountain bike tours and seven residential apartments.
"I'm really pleased to announce that the first contract we have secured for this location is with locals. Whilst LIVING CITY has attracted mainland and international investment in Devonport, it is also about creating confidence and momentum for local investors to grow their businesses", Cr Jarman said.
"This two-storey development is the first commercial proposal for the old library site, with a view to further development occurring on the site, signalling the start to the next stage of LIVING CITY. Council is working hard to ensure further opportunities come to fruition as soon as possible".
Under the contract terms, Council will sell the land to DOKS Developments based on an independent market valuation and a binding commitment to commence construction within two years.
The Development Application for the Fenton Way site is expected to be lodged with Council this week. Builder and spokesperson for the Developer, Matthew Kelly said construction was expected to begin later this year and take 12 months to complete.
"With cycling tourism continuing to grow, Devonport is the ideal location for a cycling base from which people can explore the world class mountain bike trails across the north of the State or utilise the new coastal pathway. Along with a new Giant retail store and café, who plan to offer packages with bike hire, accommodation and shuttle tours to nearby trails, catering for tourists and visitors," said Mr Kelly.
"This is a big project for us, but with the business confidence and momentum in Devonport as a result of LIVING CITY, we believe now is the right time to invest in the CBD".
