CCBR Business Review

15 P R O P E R T Y N E W S National property development and con- struction company, St Hilliers’ Central Coast Quarter development has reached another milestone with their The Waterfront project currently on exhibition for comment until 18 October. The Waterfront is a 25-storey $56 million dollar stage of the Central Coast Quarter development comprising 136 residential apartments, 183 carparking spaces and 621 sqm of retail space overlooking Gosford Boat Harbour and Brisbane Water. Located on the former Gosford Primary School site, The Waterfront is immediately behind the Financial Services Building on Mann Street that St Hilliers built for the NSW Government in 2019. It is the first stage of the remaining three stage development St Hilliers are working on that will be a key component of the revitalisation of the Gosford CBD which has been languishing for the past 40 years. While Gosford CBD desperately needs a project of this magnitude the Panel placed conditions on the development that made it commercially challenging for the devel- oper. (Similar conditions had been placed on the Lederer Group’s project for the development of the old Market town site in Gosford which is not proceeding as it was non-viable.) The conditions the Panel placed on both developments were almost identical indicating that the same activists who have opposed all development in Gosford have gained influence. Meanwhile, St Hilliers have undergone an extensive design excellence process with the City of Gosford Design Advisory Panel. This is an iterative process which enables the design to evolve in conjunction with key stakeholders with Central Coast Council being part of this process. The state’s Independent Planning Commission has approved the Central Coast Quarter development envelope with the comment: “After careful consideration of all the evidence, the Commission has today (Monday 24 August 2020) determined to approve the concept plan.” St Hilliers acquired the former Gosford • Flexible lease terms • Competitive rentals • Excellent parking • Air-conditioning, carpets, kitchenette • Balcony access for East Wing suites • Exposure of Complex to Tuggerah Straight FOR LEASE PROFESSIONAL & SPECIALIST MEDICAL SUITES 152-154 PACIFIC HIGHWAY TUGGERAH Easy Parking, great exposure, well maintained & presented property with well known quality tenants including Trader Vics, BCF & Super Cheap Auto, PRP Radiology, Australian Clinical Labs Pathology, Fullerton Health Medical Centre, Geriatrician; Psychologists, Dentist, Sports & Spinal Physiotherapy, Chiropractor, Cafe & more. Ideal for the Professional, Legal, Financial or Medical Specialist with sizes from 16m2 up to 95m2 suitable to Lease or Purchase. Features include: For further details contact Julie Davies on 0402 779 186 Primary School site from the state govern- ment in 2017 with plans to develop the site as part of the revitalisation of the Gosford Waterfront and CBD and having completed the Financial Services Building at 26-30 Mann Street. Supporting St Hillliers’The Waterfront development the influential Gosford Erina Business Chambers’ President Rod Dever said, “the GEBC is 100% supportive of this development”. This project is one which we need desperately. Coming off the back of Covid, it will not only add value to the city but will serve to reignite confidence with other property developers and owners and encourage them to continue to upgrade their holdings within the city core. ” he said. St Hilliers’ $56m Central Coast Quarter Tower DA on exhibition Central Coast Council has listed Gosford Council Chambers and adja- cent lots for sale through agents CBRE. Council Administrator, Dick Persson flagged the sale early in his tenure late last year. The property, bounded by Mann Street, Georgiana Terrace and Henry Parry Drive, comprises a total area of 7,857 sqm. Former Gosford Council Chambers listed for sale St Hilliers’TheWaterfront project CENTRAL COAST BUSINESS REVIEW OCTOBER 2021