Henzell Property Group plans landmark $95 million gateway development for Caloundra
Henzell Property Group is poised to create a landmark mixed-use development at Caloundra that will transform the gateway to one of the Sunshine Coast’s major retail and lifestyle precincts.
The local developer, part of the family that has successfully reshaped the urban landscape of the Sunshine Coast over the past 40 years, has acquired a strategic 6177sqm site straddling Bulcock Street and Omrah Avenue where it plans to create an iconic residential address that will become a lifestyle destination in its own right.
The staged development will combine high-end retail and dining at street level with modern residences dedicated to owner-occupiers above.
The site is currently occupied by the Suncourt Motel and comprises a large tract of vacant land that Henzell Property Group says offers a unique opportunity to create a new entry statement for central Caloundra.
“We have had our eye on this property for some time, so what we have planned has been carefully considered. We feel this site, with the correct product mix, will be one of the most exciting launches that the Sunshine Coast will see in 2021,” said Henzell Property Group sales director Marcus Muir.
“This development will combine luxurious residences offering exceptional views within an entertainment precinct that will attract high end lifestyle operators locally and from across Queensland.
“We have already commenced discussions with a number of dining & retail operators and there are many more who have yet to move to the Coast as they have been waiting for the perfect location.”
Henzell Property Group plans to deliver the project in two stages, with the design taking advantage of the two-street frontage by creating an activated laneway for vehicle and pedestrian access between Bulcock Street and Omrah Avenue providing a new sidewalk boulevard restaurant precinct.
“This will become an iconic Sunshine Coast location for residents and visitors alike providing a new streetscape that connects Bicentennial Park, north of Omrah Avenue, and south to the beachfront,” said Mr Muir.
“The location offers everything that residents could want in a Sunshine Coast lifestyle with an easy stroll to some of Caloundra’s best beaches and shopping with Bulcock Street right at your doorstep.
“When combined with luxurious apartments offering generous floor plans and either northern orientation or sprawling ocean views, this is exactly what the market is looking for in a coastal residence.”
The first stage of the development will comprise a boutique collection of 39 apartments over 10 levels that will boast some of the best view’s that Caloundra has to offer.
Preliminary works have already begun at this stage ahead of Henzell Property Group releasing apartments to the market.
“We have chosen to release the most boutique offering to the market first to cater for exceptional demand for luxury residences by owner-occupiers,” said Mr Muir.
“Stage one will comprise a collection of two and three-bedroom residences along with a penthouse collection, resort style pool and tranquil pool side areas.”
Henzell Property Group has been buoyed by the success of its latest development at Pelican Waters, with a sell-out of an exclusive release of luxury residences in the first stage of the $200 million precinct known as The Cove.
All 15 homes in the Terrace Collection were snapped up for a total of $12 million, highlighting the appeal of high-end residences among-end users on the Sunshine Coast.
“Buyers in this segment of the market are typically looking for a relaxed lifestyle close to the water and within easy reach of retail, dining and entertainment facilities,” said Mr Muir.
“With this iconic new development, we are planning to add a new level of sophistication to the natural appeal that attracts so many people to the Caloundra lifestyle.”