$200 million Sunshine Coast community receives green light

Construction on one of Queensland’s largestprivate developments is set to commence early next year following recent approvalby the Sunshine Coast Council.

The $200 million master-planned project TheCove will feature 220 luxury apartments and townhouses located within theprestigious Pelican Waters community at Caloundra.

The Cove will be developed over four stagesby the renowned Henzell Property Group in what will be the final residentialcommunity in Pelican Waters.

The first stage, the Corsica Residences, willcomprise 36 two and three-bedroom apartments and 15 three-bedroom terracehomes.

Henzell Property Group managing directorMcLean Henzell said the company is looking forward to delivering the finalpiece of the Pelican Waters puzzle after more than three decades ofdevelopment.

“Our family has been developing PelicanWaters for over 30 years and we look forward to commencing construction on whatwill become the final stage in this iconic community,” said Mr Henzell.

“It’s a very exciting chapter in theevolution of what has become one of Australia’s most renowned master-plannedcommunities.”

The Cove has been meticulously designed toappeal to downsizer, owner-occupier markets, and follows an extensive two-yearconsultation program with Pelican Waters residents regarding what they wouldlike to see in the community’s last land parcel.

“Prior to lodging our development application we spent two yearsconsulting residents of Pelican Waters to determine exactly what they’d like tosee in this new development,” said Mr Henzell.

“Our buyers want living spaces that offerample storage space, expansive kitchens, large master-bedrooms and livingspaces designed for entertaining and unwinding – spaces that don’t sacrificetheir current living arrangements but also ones that offer downsizing optionsfor them to remain within Pelican Waters.

“We are confident that we’ve collaborated wellwith the community to create apartments and townhouses that achieve exactlythis.

“Many of the homeowners within Pelican Watersdon’t want to leave, but until now there has been very limited downsizingoptions for them. We are delighted to have created an offering tailored to meettheir needs with The Cove."

Marcus Muir, sales and marketing director forHenzell Property Group, said there was strong interest from the local communityas well as Brisbane buyers and a growing interstate cohort.

“Covid has definitely elevated plans bypeople looking to move from southern states to Queensland and we are seeinginquiry increasing week by week,” said Mr Muir.

An on-site sales display has recently openedat The Cove to showcase the various offerings and floor plans available.

Prices for luxury apartments, which range from 143 to 261sqm begin at $549,000 with terrace homes up to 267sqm priced from$725,000.

Adding to the word-class feeling of theproject, The Cove will offer a range of luxury, resort-inspired amenitiesincluding an outdoor lagoon style pool with a swim up bar.

The Sunshine Coast-based, globally-spanning O.G.E Group Architects have designed the $200 million project, drawing upon their local and internationalexperience.

Future stages to be launched in The Coveinclude commercial spaces, restaurants and a grocer, adding to the existingPelican Waters Town Centre and Marina which offers a range of health, medicaland education facilities.

Situated on a 3-hectare waterfront site,residences within The Cove will boast north-facing views to a future marina aswell as views over the Pumicestone passage to Caloundra.

The master-planned community is set to becompleted in 2025.

The Henzell Familyhas been operating on the Sunshine Coast for over 85 years and are responsiblefor developing some of the region’s most iconic projects including the PelicanWaters Golf Course, collaborating with Australian professional golfer GregNorman as designer of the 18-hole golf course as well as numerous otherresidential communities within Pelican Waters including the Carlyle Terraces inthe marina precinct.

For further information on The Cove or toregister your interest visit https://www.thecove.com.au/.