New Era for Ocean St as Developers Eye Major Project

A SHORT-term accommodation facility is a step closer for the heart of the Maroochydore entertainment precinct.

Approval has been given for a first-floor refurbishment of Pacific Place at 11-13 Ocean Street, Maroochydore. Currently home to ground-floor tenants including Elixiba, Peak and others, a proposal for a 19-room short-term accommodation facility has been given the green light.

Previous options considered for the site included a new bar with kitchen and outdoor deck, but that approval has since lapsed. A spokesman from Evangelista Pty Ltd, owners of the site, said the project was in its “very early stages”. The spokesman said a detailed feasibility study would have to be undertaken to make sure any accommodation house was viable in that location. He believed it presented a unique opportunity to offer accommodation for business travellers and visiting singles and couples and there was currently a gap in the local market.

“It’s something that we looked at and thought there was an opportunity for that type of use,” he said. The spokesman said now the approval had been given they had the certainty to more accurately cost the project. He said office space had seemed to have passed Ocean Street by now as it developed into more of an entertainment precinct.

The spokesman said there was no solid timeframe on the project, with other projects keeping the firm busy. “We’ll progress it forward, but we’re more or less in a feasibility-type scenario,” he said.

Evangelista Pty Ltd has owned the site since 1991, having purchased the property for $2.05 million.

Article Source: Sunshine Coast Daily