In­vestor in­ter­est grows as project takes shape

New city cen­tre com­ing to life amid ma­jor at­ten­tion from in­vestors and de­vel­op­ers both na­tion­ally and abroad

Sold On Sunshine Coast - - Market Review -

THE new Maroochydore city cen­tre is com­ing to life.

Sun­shine Coast-based de­vel­op­ment com­pany Evans Long has un­veiled plans for a five-storey of­fice build­ing in the city cen­tre with 4460sq m of com­mer­cial space.

Mean­while, ne­go­ti­a­tions are well ad­vanced with Maroochy H & P Pty Ltd to de­velop a 100-room busi­ness ho­tel and re­tail de­vel­op­ment.

Ninety per cent of the first stage of the city cen­tre is ei­ther un­der ne­go­ti­a­tion or con­tract, with a com­bined con­struc­tion value of more than half a bil­lion dol­lars.

Th­ese pro­posed de­vel­op­ments in the core com­mer­cial precinct of the new CBD re­flect grow­ing in­vestor in­ter­est as the project be­gins to take shape.

While lo­cals know this ground-break­ing CBD will of­fer some­thing spe­cial, it is also at­tract­ing at­ten­tion from ma­jor na­tional and in­ter­na­tional in­vestors and de­vel­op­ers.

In­ter­est has been re­ceived from a di­verse range of sec­tors in­clud­ing health, ed­u­ca­tion, tech­nol­ogy and pro­fes­sional ser­vices, and fur­ther an­nounce­ments are ex­pected to be made in com­ing months.

There also con­tin­ues to be dis­cus­sion about the pos­si­bil­ity of the new Maroochydore CBD be­com­ing home to im­por­tant gov­ern­ment ser­vices and lo­cat­ing some of th­ese ser­vices in the new city cen­tre could de­liver some won­der­ful out­comes.

Mean­while, the first stage of civil works on site is near­ing com­ple­tion.

More than 4000 tonnes of as­phalt has al­ready been laid to cre­ate the city cen­tre’s first streets, while kerb­ing and chan­nelling in the core com­mer­cial precinct is well un­der way.

The new city streets will soon be lined with hoop pine, More­ton Bay ash and other trees, and street fur­ni­ture and other fea­tures are be­ing in­stalled.

There’ll also be shaded pedes­trian ar­eas and a 3200sq m park to give the com­mer­cial precinct colour and open space for ev­ery­one to en­joy, and we look for­ward to open­ing the first of the new CBD streets later this year.

PHO­TOS: CON­TRIB­UTED / JOHN MCCUTCHEON

Maroochydore CBD takes shape.

Newspapers in English

Newspapers from Australia

© PressReader. All rights reserved.