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Developments

Sunshine Plaza Receives Developmental Approval

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sunshine plaza

Sunshine Plaza, located in Maroochydore on Queensland’s Sunshine Coast, has gained final approval to commence construction of a $400 million redevelopment, which is jointly owned by the Australian Prime Property Fund Retail, managed by Lendlease and The GPT Group.

Affirming its position as the largest retail centre north of Brisbane, Sunshine Plaza will expand from 73,000 square metres to over 107,000 square metres turning the strong performing centre into a leading fashion, leisure and tourist destination. Customers will enjoy an enhanced retail mix with the region’s first David Jones department store, a new BIGW, a refurbished Myer, a stunning new Amaroo Street mall entrance, provision for large format fashion operators and over 100 new specialty stores, bringing highly sought-after fashion brands to the Sunshine Coast.

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The first stage of the redevelopment will involve the construction of a car park on vacant land behind Toys R Us. This will provide alternative customer parking during the construction of the first multi-deck car park, located at the Kmart entrance. Lendlease’s Head of Retail, Gary Horwitz, said extensive community consultation provided deep insights into the needs and aspirations of the local market.

“We are thrilled to be creating this amazing retail space for the Sunshine Coast. The design will capture the community’s desire for a sophisticated experience whilst reflecting the Sunshine Coast’s rich natural beauty and relaxed coastal lifestyle.

Preliminary_Artist Impression_internal mall_Sunshine Plaza_indicative on...

“We are proud of our strong history at Sunshine Plaza, having delivered innovative and unique retail experiences which celebrate the outdoor coastal strengths of the region. The Centre already achieves solid results, ranking second in Queensland for specialty sales productivity and performs significantly higher than the national benchmark.

“The current performance of Sunshine Plaza indicates a strong demand for an expanded retail offer,” Mr Horwitz said.

Sunshine Plaza aerial

GPT Group’s Head of Investment, Retail Scott Meehan said the development would strengthen Sunshine Plaza’s reputation as the Sunshine Coast’s leading retail and leisure destination.

“GPT is excited to invest in the expansion of one of its best performing shopping centres, which is located in a market that should continue to benefit from strong population and tourism growth.”

“This expansion will introduce more than 100 retailers to Sunshine Plaza, including the region’s first David Jones, which will reduce the need for local residents to shop outside the Sunshine Coast,” Mr Meehan said. The transformed centre will feature new outdoor waterfront dining along Cornmeal Creek, further enhancing the ‘indoor/outdoor’ experience at Sunshine Plaza.

Two new multi-level car parking facilities will ensure convenient access with over 1,400 additional car spaces, taking the total number of spaces to nearly 5,000. It is estimated that the redevelopment will generate up to 2,900 jobs during construction and approximately 2,300 additional retail positions once the project is complete.

Lendlease’s Building business will design, project manage and construct the project. Lendlease has an outstanding track record in retail delivery – in particular, extensive experience in managing construction work in live retail environments, allowing retail centres to maintain trade and operate safely. Construction is expected to start this month and will take approximately two years, with completion prior to Christmas 2018.
Original article published at www.theurbandeveloper.com by Staff Writer 15/8/16

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Developments

First Look at Sunshine Coast’s New $430m CBD

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First Look at Sunshine Coast’s New $430m CBD

Top-tier investment and development firms are being invited to partner on the next stages of one of south-east Queensland’s largest urban regeneration projects.

The vision for the Sunshine Coast’s new central business district has continued to take shape with an expression of interest campaign launched for the forthcoming development stages.

The 15-hectare site of the proposed Sunshine Coast’s central business district, formerly Horton Park Golf Club, was bought by the Sunshine Coast Council for $42 million in 2015.

Sunshine Coast Council-owned company SunCentral, kickstarted by Queensland Premier Annastacia Palaszczuk in 2016, has since completed civil works in the core commercial precinct with construction of the CBD’s first buildings expected to start mid-year.

Underground waste and digital infrastructure facilities have now been completed with construction on 38,500sq m of commercial buildings in the first stage, which has already gone to market, was expected to start mid-2019 along with 23,000sq m of retail and 460 new apartments.

The city centre’s first buildings include an eight-storey commercial property by local developer Evans Long and a two-tower 152-unit residential complex by Brisbane’s Habitat Development Group.

This is in addition to a nine-storey Sunshine Coast Regional Council headquarters building, tipped to commence construction over the next six months.

First Look at Sunshine Coast’s New $430m CBD 1

SunCentral Maroochydore chief executive John Knaggs said the EOI process for the extensive next stages of the project called for experienced urban development capital funding partners to help develop key precincts.

“This is a unique opportunity for experienced developers and institutional capital groups to enter into a long-term partnership with SunCentral Maroochydore and set a new benchmark for city centre design and development in one of the fastest growing regions in the country,” Knaggs said.

The EOI campaign is offering the opportunity to build 67,500sq m of commercial space as well as retail floorspace and residential apartments across a number of precincts in the new city centre.

The site includes $10 million in underground digital waste and lighting facilities and includes space for 25,900sq m of retail and up to 1,390 apartments along waterways.

SunCentral has since leased some blocks of land in the core commercial area of the new CBD and has guided the civil works and underground infrastructure stage.

“Some of this development opportunity is located in the core commercial precinct while the majority is in the area south of the Corso waterway, adjacent the future rail station and transit plaza and in mixed-use apartment precincts alongside planned waterways and parkland,” Knaggs said.

The CBD will also feature a 250-room hotel which with 100 residential apartments, 40,500sq m of retail as well as commercial and entertainment space.

First Look at Sunshine Coast’s New $430m CBD 2

“Offering individual parcels has worked well for the first stage of the commercial precinct,” Knaggs said.

“However, in response to market feedback these next stages, involving both commercial and mixed-use areas, offer larger precinct-wide approaches.”

“We are able to provide a wider platform for capital groups and developers to operate longer term – and I’m sure this approach will help facilitate the development of key parts of the city centre.”

First Look at Sunshine Coast’s New $430m CBD 3

Apart from the new international broadband cable that will connect to a landing station located alongside the new CBD, more than $10 million in underground telecommunications and services capacity has been installed beneath the city centre’s new streets.

“Once people see the cable landing station completed and the cable connected from Guam giving this site and the Sunshine Coast the fastest data connection cable to Asia on the east coast of Australia that will generate additional interest,” Knaggs said.

The smart city framework for the new CBD includes digital signage, lighting and other “smart” technologies as well as the country’s first CBD-wide underground automated waste collection system which will transport waste from businesses and apartments through a series of underground pipes to a central collection station.

The Sunshine Coast Council has estimated up to 2 million more passengers would be flying into the region by 2040 once the region’s expanded airport was operational by 2020.

Over recent years the Sunshine Coast has attracted billions of dollars in public and private investment, making the regional economy one of the strongest in the state.

With the arrival of new infrastructure, analysts project the Sunshine Coast’s population to grow from 346,522 to 500,000 by 2036.

The expressions of interest on the next 15 hectares of the site can be lodged until 30 August.

Source: theurbandeveloper.com

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Palmview’s largest masterplanned community releases land and park ahead of schedule

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Palmview’s largest masterplanned community releases land and park ahead of schedule

An artist’s impression of Harmony’s grand linear park.Source:Supplied

A SUNSHINE COAST developer has fast-tracked the latest land release to meet demand from locals and interstate sea-changers.

AVID Property Group general manager Queensland Bruce Harper said their development Harmony was the largest masterplanned community in Palmview, which is about 85km north of Brisbane.

Palmview’s largest masterplanned community releases land and park ahead of schedule

Once complete, Harmony, is expected to house about 4500 new residents.Source:Supplied

He said they released the latest neighbourhood Unity, which brought 34 more blocks of land, ranging in size from 250sq m to 505sq m, to meet the demand.

“Residential property demand is surging in the region and as prices continue to rise, buyers are increasingly looking for affordable land options in desirable locations,” Mr Harper said.

“Over the past year, demand in the region has grown exponentially as more people look to build their own homes in well-known property ‘hot spots’.”

Along with the early land release, AVID Property Group opened the community space Grand Linear Park three months ahead of schedule.

Palmview’s largest masterplanned community releases land and park ahead of schedule

Bruce Harper, Cr Tim Dwyer, Laura Scherian, Cameron Holt and Cr Rick Baberowski open Grand Linear Park in Palmview.Source:Supplied

Mr Harper said the park was five times the size of other standard parks on the Sunshine Coast.

“The Grand Linear Park will serve as a catalyst for wellbeing and connectivity for residents and tourists alike,” he said.

The first $3.1 million phase consists of 2ha of community space and features three separate play areas for locals to explore.

Harmony’s new facilities includes a set of six swings, two table tennis tables and a 30.2m multi-play structure with a slide, spider’s web, swinging ropes and stepping stones.Source:Supplied

A set of six swings, two table tennis tables and a 30.2m multi-play structure with a slide, spider’s web, swinging ropes and stepping stones was available for children of all ages and abilities.

According to Queensland Government’s Queensland Regional Profiles — Sunshine Coast Local Government Area, April 2017, Sunshine Coast’s population is projected to grow from about 311,550 to 453,000 by 2036.

Palmview’s largest masterplanned community releases land and park ahead of schedule

An artist’s impression of Harmony’s pocket park.Source:Supplied

Once complete, Mr Harper said Harmony would account for more than 4800 homes for about 12,000 of those future residents.

“Our new neighbourhood will encourage residents to stay active right on their doorstep with extensive walking and bike trails, a 5ha recreation park and a 1ha local park,” he said.

Sunshine Coast local Alyssa Jackson and her partner James Newcombe who recently moved up from Canberra, have just purchased a block of land in Harmony and hope to move into their new home in early 2019.

“It’s pretty competitive to purchase a block of land at Harmony; there were other buyers lining up for almost two hours before the Sales Centre even opened,” Ms Jackson said.

Harmony’s location was what really encouraged us to purchase in the area — the proximity to the highway, University of the Sunshine Coast, hospital and the shops in the Maroochydore CBD make it a very convenient location to live.”

Ms Jackson said they wanted to enter the property market as soon as possible and decided to build a brand-new home so they could take advantage of the First Home Owners’ Grant.

“We wanted to get into the property market so that we could pay off a mortgage rather than continue to pay money renting,” she said.

Source: www.news.com.au

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Sunshine Coast Golf Course with Approval for 260 Lots Hits the Block

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Sunshine Coast Golf Course with Approval for 260 Lots Hits the Block
A Greg Norman-designed golf course and permit-approved development site on the Sunshine Coast has hit the market with expectations around the $20 million-mark.

The 160-hectare Pelican Waters Golf Course site, which was acquired in 2004 by a Melbourne family that wishes to remain anonymous, has hit the market after receiving development approval for a new residential precinct in the area.

Approved by the Sunshine Coast Council in 2017, the “Lakes Edge” residential precinct is earmarked for 211 residential lots and three medium-density sites subdivided to create up to 259 lots over 20-hectares.

Designed to be delivered over four stages, with stage one approvals in place for 60 lots the development was subject to some controversy by local residents opposing the development.

The residential development was put forward by the owners of the site as a solution to lacklustre turnover at the golf course.

Sunshine Coast Golf Course with Approval for 260 Lots Hits the Block

The approved land use plan for 259 residential lots.

CBRE’s Brendan Robins and Rem Rafter are marketing the asset.

Robins said the property represented an outstanding opportunity to capitalise on the strong demand for quality land and housing in a sought-after area of the Sunshine Coast.

“Lakes Edge offers a diverse range of staged development options, including a large-scale retirement community, which take advantage of the area’s tranquil, picturesque and secure setting.”

Despite being named the top course on the Sunshine Coast by Golf Digest Magazine, documents submitted to council outlined concerns with the club’s profitability.

“Independent forecasts conclude that Pelican Waters Golf Club will not generate an acceptable level of commercial return for at least seven to 10 years,” the proposal said.

Located five minutes to Caloundra and 90 kilometres from Brisbane, population growth in the Pelican Waters area grew 24.5 per cent over the five years to 2016.

The property is being offered for sale via expressions of interest closing 8 August 2018.

Source: theurbandeveloper.com

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