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Five land sales settled in new Maroochydore CBD

Sunshine Coast Council has settled almost $17 million worth of land sales in its 53ha new Maroochydore CBD.
A SunCentral spokesman said the council had confirmed five land sales had settled, marking total settlement proceeds of about $16.9 million excluding GST.
The spokesman said there had been no instances where developers had been able to acquire land in the new CBD without paying the full price upfront and there were no arrangements where developers would repay at the completion of their development or the lease or sale of their site.
Evans Long s Foundation Place site was bought for $1.76 million, while their next project on site A1, a new six-level, $10 million office block was yet to settle, which meant the sale price was not available. ....

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Sign of the times: Bank to move into new CBD

It would become the sixth business to move into Foundation Place.
Rice Boi owner Tony Kelly has opened European restaurant Market Bistro and Japanese fusion restaurant Giddy Geisha on the ground floor.
Commonwealth Bank has applied to the State Government to have a sign placed on Foundation Place s rooftop in the Maroochydore City Centre.
ASX-listed local electricity provider LPE, urban development company Calibre and professional services firm Cardno have also moved in.
Cardno was appointed lead design consultant for the development of the Maroochydore city centre in 2012.
The $30 million office complex was the first approved for the 53ha city centre, declared by the State Government a Priority Declared Area. ....

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