CCBR Business Review

9 ALCEON GROUP , one of Australia’s leading privately-owned financier and investment companies with extensive experience in real estate development, is about to start construction on one of the largest luxury residential developments to be undertaken on the Central Coast in Gosford. To be known as Rumbalara and built on the highest point in Gosford overlooking Brisbane Water the development is on the edge of the Rumbalara Reserve at 87-89 JohnWhiteway Drive on a former sandstone quarry site. Alceon opened a state-of-the-art Display Suite in the Bon Building in Gosford in early April using the latest advances in technology to showcase the development and in the first two weeks sold 25 units off-the-plan at prices from $760,000 to $2.6 million. Alceon sales consultant Todd Campling said that they received over a thousand registra- tions of interest in the first two weeks of their marketing campaign. Alceon have partnered with well known and respected Sydney builder Deicorp to deliver the project. Deicorp expect to start construc- tion in early June with a forecast completion by the end of 2024. Alceon received Development Approval for the State Significant development from the NSW Planning & Environment Department in November last year after a lengthy and expen- sive three year process. The masterplanned resort style develop- ment on a 2.3ha site will comprise four build- ings ranging in size from 6 to 12 storeys with 260 apartments and 400 space basement car park around a garden and pool setting designed by architects Marchese Partners. Rumbalara Residences to set a new standard in luxury B U S I N E S S N E W S f Automated transactions inMYOB and XERO Personal service backed up with 30 years experience Committed to making your business grow FOR YOUR BUSINESS PROBLEM SOLVING St Hilliers, one of Australia’s leading private, integrated property and construction groups received Development Approval for a staged residential tower development on the Gosford Waterfront on 21st April enabling them to commence construction shortly. To be known as Waterfront, Stage 1 will comprise, a 22 storey tower building with 136 residential units and 621sqm of retail space plus on-site parking for 183 cars and landscaping. St Hilliers Development Manager Justyn Ng said that construction would com- mence next month in June. St Hilliers acquired the former Gosford Primary School site of 1.13 hectares six years ago in 2016 with the State Government declaring that the redevelopment of this site would transform the Gosford CBD. In late 2018 St Hilliers completed the first stage of the redevelopment of site now known as Central Coast Quarter with the construction of a 7-level $50 million commercial building for the NSW Department of Financial Services. In September 2019 St Hilliers lodged a masterplan DA with the NSW Department of Planning for an integrated mixed-use precinct with a hotel, residential apart- ments, food, beverage and retail outlets and multiple public thoroughfares The development was designed to revitalise the southern end of Mann Street, Gosford. Architect’s image of Rumbalara residential building A at 87-89 JohnWhiteway Drive, Gosord Architect’s image of Pool and resort amenities at Rumbalara Rumbalara’s residents and their guests will be welcomed by a onsite concierge in the exclusive 1,000sqm club house featuring: club lounge & billiards room, day spa & gym, private dining suites, exclusive WFH space, 12-person cinema, 2 virtual golf rooms and resort pool and firepits. The development was placed on Exhibition in April 2021 and received 28 submissions of which 12 were objections, mostly for building height, density, amenity impacts, bulk and scale, traffic, removal of trees and construction impacts. Reasons given for the consent were that: • The project is estimated to be worth $98.3 million and would generate up to 472 con- struction jobs. • The plans include a publicly accessible ele- vated walkway and viewing platform over- looking Gosford and a public pocket park. • The Planning Department approved the revised plans on the grounds it achieved “design excellence in accordance with the Gosford SEPP state environment plan- ning policy”. “The department is satisfied the proposed development would result in a positive contri- bution to the Gosford city centre,” the determi- nation states. Central Coast Quarter approved St Hilliers’ proposed residential development on the Gosford waterfront showing both 25 and 22 storey towers as well as future stages. CENTRAL COAST BUSINESS REVIEW MAY 2022