The landscape of Launceston is changing.

Like many cities around the western world as the value of land increases and the ageing population downsizes into inner-city apartments, vacant blocks and old or unused factories are being developed and taking on a new life.

The Launceston gasworks site now incorporates a new multi-story office building and a new apartment complex is planned. The latter is designed to fit within the old, round gasholder structure. A striking change from the former use.

The site is in transition but at the end of September 2008 construction seems to have stopped.