Investor interest grows as project takes shape
New city centre coming to life amid major attention from investors and developers both nationally and abroad
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.
Maroochydore CBD takes shape.