Sunshine Coast Council and its partners, SunCentral and Walker Corporation, are welcoming a new era for the Maroochydore City Centre, with amendments to its Development Scheme to reshape the vibrancy and attractiveness of the CBD now in place.
Maroochydore’s new city centre project is welcoming new hotel options as leading business hotel brands express interest in developing and operating a venue in the city centre.
The news comes after an announcement last week that infrastructure and property developer John Holland was poised to strike a $200 million deal for five super-lots totalling 1.4 hectares in the new city centre.
Major hotel groups are being touted as showing keen interest in developing venues within the new Maroochydore CBD, with a major hotel announcement due by the end of this year.
SunCentral CEO John Knaggs said business hotel groups were "circling" the new city centre project, with a number of leading brands interested in building and running a hotel in the new CBD.
A Memorandum of Understanding has been signed by the Sunshine Coast Council, global infrastructure and property development company John Holland, the University of the Sunshine Coast, and SunCentral Maroochydore signalling the continuation of exclusive negotiations to develop multiple lots in the new Maroochydore city centre.
Chinese-owned John Holland will get a third asset in its growing investment portfolio after agreeing to take a stake in the planned $200 million Maroochydore city centre.
The builder, which in June purchased 275 George Street office tower and is close to buying its first development site in Macquarie Park – both in Sydney – is in exclusive negotiations with Sunshine Coast council to develop and then own three of five lots in the commercial precinct.
A four-way deal has been struck paving the way for international infrastructure and development firm John Holland to stake a claim in the new Maroochydore city centre.
The deal, valued at more than $200 million, is a memorandum of understanding between Sunshine Coast Council, John Holland, SunCentral Maroochydore Pty Ltd and the University of the Sunshine Coast.
Global infrastructure and property development giant, John Holland, is poised to strike a deal valued at more than $200 million, with a proposal covering 1.4 hectares in the new Maroochydore city centre.
SunCentral Maroochydore, the company established to oversee design and delivery of the new Maroochydore CBD, has entered into exclusive negotiations with John Holland over three prime commercial lots and the development of two adjacent lots facing parkland.
SunCentral CEO John Knaggs said the company had responded to the expressions of interest process which commenced last year and discussions had been underway since then.
Crews are digging deep at Maroochydore's new CBD construction site to lay the pipes needed to service the new city.
More than 1km of sewerage pipes have been laid since major civil works began in late April and developer SunCentral expects 2km of stormwater pipes will also soon be in the ground.
SunCentral CEO John Knaggs said water mains and an underground automated waste collection system were also being installed. Construction of a new sewer pump station has also started.
The first stage of underground pipes for Maroochydore's automated waste collection system are being installed this week.
Representatives from system designer and manufacturer Envac, visiting from South Korea, are overseeing the installation with project teams from Sunshine Coast Council, SunCentral and contractor Shadforths.
It will be installed in stages over the coming decade at the 53-hectare Maroochydore City Centre.
Federal funding has been delivered for a feasibility study into bringing a submarine internet cable to Coast.
Member for Fairfax Ted O'Brien and Minister for Communications Mitch Fifield have signed a $250,000 funding grant for the project.
It will be managed by Sunshine Coast Council, which has already started the tender process for a company to provide a business case and feasibility study.
It's not often that the chance to redevelop a city's CBD from scratch comes along, but that's just what's happening in Maroochydore, where a former golf course will become the largest greenfield development in Australia. And it is not just a carbon copy of other towns - but instead the first in a new breed of properly 'smart cities'.
Trees, pavement patterns and designs for the garbage collection centre are among the latest progress made on the new Maroochydore CBD.
Sunshine Coast Council is meeting today for another quarterly update report on the $300 million CBD project and a range of projects within the new city centre have progressed.
Street tree species have been agreed upon, as have the pavement pattern designs for the transition from Aerodrome Rd to the CBD.
The Sunshine Coast could become Queensland's next jobs powerhouse - if it fully embraces the Asian Century.
Think of the Sunshine Coast and you likely conjure images of beautiful beaches and the iconic Glass House Mountains.
But these idyllic scenes don't reveal the full story of this region - or where it is heading.
For several years, the Sunshine Coast has been the quiet achiever of the Queensland economy, generating jobs and growth while other regions have stagnated or even slumped.
Redevelopment of the Maroochydore CBD on Queensland's Sunshine Coast is driving local commercial property sales.
Emily Pendleton from Ray White Commercial North Coast Central said Maroochydore is being fast tracked to become the business, community and employment hub of the Sunshine Coast.