The state government has unveiled plans for vacant waterfront land at Honeysuckle, including an eight-storey apartment building and a promenade spanning a reopened Cottage Creek.
The $55 million landscaping project includes straightening the bends in Honeysuckle Drive, doubling the size of the Tree of Knowledge park at Wickham and sea wall works to underpin the promenade.
The government’s Hunter and Central Coast Development Corporation also announced on Friday that it had sold a 5600-square metre section of the Honeysuckle waterfront to Miller Property Corporation, the company behind the 20-storey Verve apartments under construction in King Street.
HCDCC said the sale price would remain confidential.
Miller will build 105 units in three towers next to Cottage Creek at 45 Honeysuckle Drive, completing a row of three residential developments beside the harbour. The development will be known as Horizon.
Canberra firm Doma has started work on the 154-unit Lume apartments at 21 Honeysuckle Drive and is selling units in its Huntington development next door.
Apartment prices fell five per cent in Newcastle in the second half of 2018, but HCCDC chief operating officer Valentina Misevska said the “high-calibre” developers attracted to the waterfront land “demonstrated the strength of the property market and ongoing demand for residential development”.
HCCDC said its landscaping plans unveiled on Friday were a blueprint and it would prepare more detailed designs in coming months.
“Through this plan, we will be linking one side of the city to another with attractive and wide promenades stretching from the [Wickham] marina, through Honeysuckle and along Bathers Way to Merewether beach,” HCCDC chief executive Michael Cassel said.
“Our intention is to plant over 150 trees across the two hectares, and we will be doubling the size of Tree of Knowledge Park as well as greatly improving and enhancing natural assets like the Cottage Creek precinct.”
HCDCC said it would continue selling land at Honeysuckle. This is likely to include a 20,000-square metre block of land between Cottage Creek and the marina which now houses a 270-lot car park.
Newcastle City Council plans to start work this year on demolishing several buildings on Hunter Street, replacing the Hunter Street bridge that spans Cottage Creek and establishing a creek-side path from King Street to the Honeysuckle waterfront.