4 We’ll handle it from here • Major supplier of architectural hardware to the residential and commercial market • Door locks, handles, security and more • Consultation service available • Working closely with direct clients, builders, architects and interior designers • Visit our showroom today! Avoca Beach Architectural Hardware & Locksmiths www.avocaarchitectural.com.au 4382 1286 0412 437 327 177 Avoca Dr, Avoca Beach info@avocaarchitectural.com.au And more are coming. Five years ago Craig Giles, a Central Coast resident and internationally known Master Screenwriter and Director had a vision to establish a film and television production facility of international standard here on the Central Coast. Perhaps it was a dream at first but with persistence he is pulling it off (See Page 7). Central Coast Studios has acquired 40 hectares of land at Calga and will invest $230 million in a project the will put our region on the international stage as a premier movie production centre. CCBR has been a strong advocate for what Craig Giles is doing and we look forward to continuing our support that will see a new industry emerge on the Central Coast. Finally, our congratulations to our two Federal Members of Parliament for retaining their seats of Robertson and Dobell. The May 3rd Federal Election proved that the Central Coast is traditionally a Labor stronghold. NOT SO MANY years ago Gosford could have been take for a suburb of Lebanon having been held back for over forty years by a handful of diehards who abused their power to keep the place in the dark ages. What they didn’t realise at the time was what they were doing was to create the opportunity for the rebirth of Gosford not only as the Capital of the Central Coast but also to create a new lifestyle environment where high wealth individuals really wanted to live. As I have said before it was the McKinna / Anderson Gosford Council that created the path forward by approving Development Applications that would see the rebirth of Gosford. A few people saw what was happening but it was John Singleton whose passion for Gosford, and the Central Coast, who was the first to put his money where his mouth was and invest big in Gosford putting $35 million into the Bonython Tower project, the first high rise development. He followed this up with Ravello, a 9-level luxury development on the Waterfront in Gosford with all 45 units selling off-the-plan for prices way into the millions of dollars. He proved that people wanted to live in Gosford and were prepared to pay for luxury accommodation. While Singleton was showing the way, what is now known as The Archibald, was bubbling along in the background encountering foreign investment obstacles. The property was acquired by Sydney developer Andrew Hrsto, Founder and Owner of ALAND a highly respected and successful property developer. He laid out $375 million and took a massive risk buying the Mann Street property in 2023 with plans to build a luxury hotel and 323 residential units. The gamble paid off and all units were sold-off-the-plan at prices locals did not think was possible. The Archibald will see residents moving in later this year and the voco® hotel will open in August with a Skybar and views to Sydney. Its already a landmark. Meanwhile Sydney developer of luxury residential properties, Alceon, were taking note and acquired what was known as the old Gosford Quarry site on Rumbalara Mountain with unrestricted views of Brisbane Water to the south and the valley to the north. Their plan was to build a Gold Coast standard luxury estate on the 2.2 hectare site, a $250 million investment with 188 luxury apartments. (see story Page 5). These apartments would sell at prices up to $5 million. It was another visionary development and showed that developers and investors had found Gosford. Right now people are moving into Rumbalara Residents. These high wealth residents will be looking for services, places to eat and places to shop. It will be the same when residents move into the Archibald and we see high value visitors staying at the voco® hotel. EDITORIAL Edgar Adams discusses local issues Edgar Adams Editor Turning point for Gosford as residents move into Rumbalara luxury CENTRAL COAST BUSINESS REVIEW MAY 2025
RkJQdWJsaXNoZXIy MTI3ODI1