A heritage-listed former TAFE campus in Launceston is poised for a significant transformation into a mixed-use lifestyle facility named reUNIÒN, following the approval of a $95 million redevelopment project. Led by the Red Panda Property Group and designed by DKO Architecture, the initiative aims to enhance visitation to the riverside city through an influx of world class amenity set amongst the historic precinct.
The project, situated at 10-16 Wellington Street, has successfully secured rezoning and development approval. The proposed features include a five-star hotel, restaurants, cafe options, a brewery, distillery, a spacious courtyard, and 14 residential dwellings.
The residential component encompasses one to four-bedroom apartments, along with a communal lounge area boasting formal dining, a library, workspace, and a bar. The apartments reportedly are to be priced at $1.5 million and above.
Red Panda Property Group, the Tasmanian developer spearheading the initiative, envisions reUNIÒN as a catalyst to make Launceston more appealing to both locals and tourists. Andrew McCullagh, CEO of Red Panda Property Group, expressed his pride in the project’s vision for the future of the Launceston area.
McCullagh stated, “It will reinvent the community with natural pedestrian and bike flow, bustling cafes and restaurants, and bring in visitors from both inter-state and overseas. It is a truly positive outlook for the Launceston community and a world-class lifestyle development.”
The chosen site at Wellington Street is strategically located near Royal Park and the Queen Victoria Museum and Art Gallery, with proposed accessible pedestrian and bicycle linkages to these attractions.
Dominic Gaetani, Senior Associate and architect at DKO, emphasized the project’s personal significance, having grown up in the area. Gaetani said,
“This project is of personal importance to me, and the care our team has taken to deliver a significant project that will add to the local community is evident.”
Seventeen hotel operators are currently shortlisted for hotel management, with an announcement expected in the upcoming months. Construction is anticipated to commence in mid-2024.
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