AN 18-story residential and commercial development is set to rise from the dilapidated remains of the former Jolly Roger nightclub and Hunter Village shopping centre site.
In a meeting this afternoon, the Joint Regional Planning Panel approved the development of the long-neglected site at 509 Hunter Street, which stretches to King Street, by the Hunter King Consortium.
Work is slated to being in November, with completion expected by mid-2015.
The construction value of the development is about $40 million, with the 252 new apartments ranging from studios to three-bedroom abodes.
Some residents in the area had opposed the project, which includes 238 car spaces, on the grounds it would add to parking problems in the area and create overshadowing issues in the neighbourhood.
HISTORIC: The old Jolly Roger nightclub.