A Sydney-based developer will transform Hobart's Parliament Square in a project worth $100 million.
Citta Property group will develop the site into what has been described as Hobart's version of Federation Square in Melbourne.
The developer has paid $7.5 million for the site.
It has promised to create an open public space that preserves the long-term use of the surrounding heritage buildings as well as construction of five-star-rated green office building.
The 10 Murray Street building will be demolished at the cost of $8m.
Construction is expected to start around March next year and should be completed within three years.
http://www.abc.net.au/news/stories/2009/08/28/2669686.htm?section=business
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