Diploma to develop 51 Pier St

Diploma Properties has been awarded the contract to develop 51 Pier St, which is supposed to become an “affordable city housing project”. The $50 million project will include 130 to 140 apartments over 10 floors, and a commercial devleopment at ground level.

“Increasing the numbers of residents in the inner city makes the area more vibrant and revenue generated by the development can be used by the department to fund social housing projects and other initiatives” Housing Minister Troy Buswell said.

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