Mac Point releases site for developers to register interest
“The Escarpment” is the first chunk of land ready for developers to flag interest, as the site is rolled out in a multi-stage release.
Tasmania
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MACQUARIE Point has released its first parcel of land - a largely-remediated former industrial site called The Escarpment - for prospective developers to flag their interest.
The Escarpment, an 8797m2 area with three 6676m2 building envelopes, is the first of a series of mixed-use land parcels in the once heavily-polluted 9ha district to go to market.
The Macquarie Point Development Corporation confirmed it had finished remediating the site’s contaminated groundwater, with all remedial works expected to be complete before next year.
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The corporation is now inviting prospective developers to pre-register their interest before a formal competitive bid process begins.
CEO Mary Massina said The Escarpment had development potential for residential, commercial, cultural, office, exhibition and hotel use.
“The overall development potential of the Mac Point site includes commercial space, an exhibition venue, an arts and cultural precinct, accommodation, tourism infrastructure and a 50 per cent allocation for public space,” she said.
The land parcel, announced Tuesday, is the first in a multi-stage release and forms one of the last remaining infill sites on the edge of a capital city in Australia.
Contamination at Macquarie Point mainly relates to its former industrial uses for railways, fuel-handling and the former gasworks and mainly involves fuel contamination and heavy metals.
Earlier this year, Ms Massina said the site’s concrete batching plant had been removed, with about 2000 tonnes of soil extracted for testing before disposal.
She also said work was done to re-expose the area’s rock-face, giving a “glimpse into the past” after it was originally quarried in the 1870s.
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