A CONSORTIUM wants to build two 24-storey residential and commercial buildings on the edge of Darwin city centre, creating a total of 120 homes, as well as offices and shops.
The project, reported to cost up to $80 million, is being developed by a new consortium called JJH Developments.
The proposed site for the development is the old railway corridor running below McMinn Street to the Daly Street bridge, on the edge of Darwin's city centre.
Northern Territory News reports that the consortium has applied to the Development Consent Authority to consolidate two lots - one 792 square metres and the other 2,850 square metres.
While it is stated that the railway corridor is seen as an ideal spot for housing by developers, it is reported that the project may be hampered by new Planning Scheme regulations. The height restriction on the CBD side of Daly Street is 90 metres and 30 metres on the other side.
Source: Nigel Adlam, 'Skyscrapers planned for Darwin edge', 12 February 2010, Northern Territory News, <http://www.ntnews.com.au/article/2010/02/12/123645_nt-business.html>.