Courtney Knight, director of Newcastle based commercial building company Core Project Group said that this transition we are seeing in Newcastle, particularly throughout the CBD, had been some time in the making.
“City of Newcastle, to their credit, about a decade ago saw some significant change required with our city being a peninsula city,” he said.
“They looked at changing some of the planning guidelines around heights and floor-to-space ratio [FSR] and bringing the CBD of Newcastle away from the point of the peninsula and back toward Newcastle West."
Courtney added that this restructuring of the city enticed developers and investors to look at creating more scalable assets along the city’s growth corridors.
“Also, the State Government truncating the heavy rail line at Newcastle West followed that trend of moving the CBD back to Newcastle West," he said.
“Pulling it up meant that both state and local government were putting money back into a lot of those public spaces and the public had a big say in what was done along that corridor so, a lot of it has been kept open and the (Newcastle) station infrastructure has been retained.