Hobart City Council has unanimously approved a development proposal to establish a 12-storey office building in Liverpool Street and a "pocket park" for public use.

A development application for the project was lodged in early 2024.

The building features a tower and two-podium arrangement. Designed by Gray Puksand, the facade comprises tinted concrete and red brick for the podiums, and brushed metal for the tower.

The new office building will accommodate more than 15,000 square metres of working spaces and a basement-level car park. The ground floor will include entry spaces, change rooms and bicycle storage, a potential retail tenancy and a cafe. Landscaped rooftop terraces will be positioned across levels three and four.

Director of Techne Invest (the property developer behind the project) Matt O'Halloran said the office project is "much-needed" in the growing city of Hobart.

"We're delighted that HCC [Hobart City Council] has endorsed our vision," O'Halloran said. "The approach to planning and design has been open and collaborative with Council and it will deliver a terrific architectural addition to the city."

The development will include the introduction of a new pedestrian link above the Hobart rivulet and a new "pocket park."

A building that currently exists on the corner site would be demolished as part of the development.