Newcastle Council hopes to transform a 155 metre section of the former rail corridor into affordable housing, a new public domain and cycle way along with shops and cafes.
Council has won a tender to proceed with the redevelopment after spending 2-million dollars to purchase the 4-thousand square metre parcel of land know as Rail Bridge Row.
Lord Mayor Nuatali Nelmes says the acquisition will support the ongoing revitalization of the city.
Hunter and Central Coast Development corporation, Valentina Mischevka says they are excited to award the project to Newcastle Council.
"We ran an open competitive process it was open to anyone to submit a proposal and it was assesed in line with our criteria. what we were looking to see were proposal that would align closely with the revitalizing Newcastle program," she says.
"Like any development project it will need to go through a planning approval process, and tendering and construction."
