Project Name Darwin Old Hospital Site Larrakeyah, Feasibility Review and
EOI Development
Prepared For Department of Planning and Infrastructure (Northern Territory) Project Date November 2009
Project Details
The proposal is to develop approximately 7.8ha of parkland on the site of the Old Darwin Hospital in Larrakeyah. In order to provide a level of funding for the park's development, approximately 1ha of adjoining land is to be sold for residential development. The proposed site in Larrakeyah is highly suitable for luxury high rise development to take advantage of the views from this prestigious location, set upon the escarpment overlooking Cullen Bay and Little Mindil Beach.
The parkland also offers a significant opportunity to create a unique regional park for Darwin which reflects the history of the site, the people with whom the site was associated, their culture and values.
Part of Hill PDA's role was to research market conditions, consider development procurement options and project feasibility, review design options, and plan the procurement process and the offer by tender of the development land.
In particular, advice was sought on market positioning, urban design and land value attributable to the residential design concept. In addition the options to fund and/or construct and maintain the park through an agreement with the purchaser of the residential development site were considered and a number of options tested for feasibility density.
Subject to resolution of the developable capacity, Hill PDA recommended that the market be tested for the site through an expression of interest (EOI) process to establish the market depth and appetite for the site. The EOI process did not need to be prescriptive and was required to maintain maximum flexibility for proponents to add value to the development. However the EOI invitation was required to detail the objectives of government in offering the site and to provide an indication of priorities.
Project Name Darwin Old Hospital Site Larrakeyah, Feasibility Review and
EOI Development
Prepared For Department of Planning and Infrastructure (Northern Territory) Project Date November 2009
The proposal is to develop approximately 7.8ha of parkland on the site of the Old Darwin Hospital in Larrakeyah. In order to provide a level of funding for the park's development, approximately 1ha of adjoining land is to be sold for residential development. The proposed site in Larrakeyah is highly suitable for luxury high rise development to take advantage of the views from this prestigious location, set upon the escarpment overlooking Cullen Bay and Little Mindil Beach.
The parkland also offers a significant opportunity to create a unique regional park for Darwin which reflects the history of the site, the people with whom the site was associated, their culture and values.
Part of Hill PDA's role was to research market conditions, consider development procurement options and project feasibility, review design options, and plan the procurement process and the offer by tender of the development land.
In particular, advice was sought on market positioning, urban design and land value attributable to the residential design concept. In addition the options to fund and/or construct and maintain the park through an agreement with the purchaser of the residential development site were considered and a number of options tested for feasibility density.
Subject to resolution of the developable capacity, Hill PDA recommended that the market be tested for the site through an expression of interest (EOI) process to establish the market depth and appetite for the site. The EOI process did not need to be prescriptive and was required to maintain maximum flexibility for proponents to add value to the development. However the EOI invitation was required to detail the objectives of government in offering the site and to provide an indication of priorities.