It’s full steam ahead for Maroochydore’s Emporio precinct. The Sunshine Coast Regional Council recently granted development approval for the mixed-use development.
The $160 million project at the corner of Plaza Parade and Maroochy Boulevard includes nine residential and commercial buildings, a fresh food market place (similar to the James Street markets in Fortitude Valley), landscaped open space and more than 240 residential apartments.
Reed Property Group manager of development Carl Nancarrow said the approval marked an important mile- stone for the Sunshine Coast.
He said the mixed-use development would bring a whole new style of living to the region.
“In contrast to any other development in the area, Emporio features a blend of residential apartments, as well as commercial office and retail space,” Mr Nancarrow said.
“And it combines the Coast’s relaxed lifestyle, with an urban sophistication that is generally only found in larger cities. Also, with the development located in the heart of the Maroochydore CBD, residents have easy access to restaurants, cafes, bars, entertainment venues and retail precincts.
“This will allow them to work, live and play within the one community.”
Mr Nancarrow said the incorporation of a range of land uses – including retail, commercial activities, residential blocks and open space in Maroochydore would assist in creating a vibrant and dynamic regional centre.
Ray White Maroochydore director and project marketer for Emporio Dan Sowden said fencing and sheds had already been installed on the Emporio site and soil testing was currently taking place. It’s all in reparation for the start of construction.
“We anticipate construction of Stage One residential Emporio apartments will be underway in early April,” he said. Mr Sowden said the development had received a lot of interest from both Queensland and interstate investors looking to capitalise on the growth planned for the Maroochydore region.
With Maroochydore ear-marked as the Coast’s principle activity centre – and a central park, library and arts facility, civic plaza, transit plaza and retail precinct planned for construction in the Maroochydore CBD – it’s obvious demand for housing in the area will only increase in the coming years,” he said.
“Emporio apartments are also located just minutes from the beach, so it’s no surprise they have been such a hot commodity among investors.” The remaining Stage One Emporio apartments are selling from $329,000, with a 10% deposit required until completion of construction.
For more details visit www.emporio.net.au.
Source: Domain Property Week | The Emporio Team 10th March 2011