This article is a good read for our clients who purchased on the Sunshine Coast several years ago. We knew the new CBD precinct was a game changer and would create employment, one of the key factors we look for when recommending areas to our clients.
Development applications for the Sunshine Coast's new greenfield $2-billion CBD are continuing to flood in, with a mixed-use tower on a 3500sq m site on its northern edge the latest.
The development is adjacent to the Sunshine Coast Council-owned Maroochydore City Centre Project—a new 53ha central business district being built under a government gazetted designated prority development area.
The 13-storey development has been put forward by Capital 22, a private entity headed by commercial property lawyer and SunCentral secretary John Gallagher.
SunCentral was established by the Sunshine Coast Council in early 2015 to oversee the design and delivery of the new city centre.
The prominent corner site, neighbouring the priority development area, is made up of two lots purchased for a combined $6.5 million; 132 and 134-136 Aerodrome Road.
The site is currently occupied by two retail centres—Neighbours Aid and Salvation Army Family Store—and is next to Bob Jane T-Marts.
Capital 22’s proposed project, designed by Cottee Parker, will include three levels of office space and parking for 250 cars across the building’s three-level podium as well as a communal area with a pool and terrace on the fifth level.
It will offer 100 apartments in two- and three-bedroom configurations which the developer plans to release as a mix of short- and long-term accommodation.
Sunshine Coast’s new central business district, formerly the Horton Park Golf Club, has been transforming rapidly since council paid $42 million for the sprawling site in 2011.
The under construction CBD will eventually offer 150,000sq m of commercial space and 65,000sq m of retail floorspace along with 4000 residential apartments across a number of precincts.
It will also feature a premium hotel, and a new entertainment space.
The prominent corner site, neighbouring the priority development area, is made up of two lots purchased for a combined $6.5 million; 132 and 134-136 Aerodrome Road.
The site is currently occupied by two retail centres—Neighbours Aid and Salvation Army Family Store—and is next to Bob Jane T-Marts.
Capital 22’s proposed project, designed by Cottee Parker, will include three levels of office space and parking for 250 cars across the building’s three-level podium as well as a communal area with a pool and terrace on the fifth level.
It will offer 100 apartments in two- and three-bedroom configurations which the developer plans to release as a mix of short- and long-term accommodation.
Sunshine Coast’s new central business district, formerly the Horton Park Golf Club, has been transforming rapidly since council paid $42 million for the sprawling site in 2011.
The under construction CBD will eventually offer 150,000sq m of commercial space and 65,000sq m of retail floorspace along with 4000 residential apartments across a number of precincts.
It will also feature a premium hotel, and a new entertainment space.
Article courtesy The Urbane Developer 12 May 2022
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