Green Light for $52m Central Coast Residential Tower

A 25-storey residential tower on NSW’s Central Coast, one of three slated for a waterside precinct in Gosford, has been approved.

The tower, The Waterfront, will overlook Brisbane Waters at Gosford on a former school site, bought by developer, St Hilliers in 2017.

The tower will comprise 14 one-, 107 two- and 14 three-bedroom apartments plus a four-bedroom penthouse.

St Hilliers’ development director Justyn Ng said the project would generate 105 construction and 21 operational jobs.

“We are delighted with this approval as it enables us to make an important contribution to Gosford with high-quality housing, many new job opportunities and some great improvements to the local area for the benefit of the whole community,” he said.

Ng said that The Waterfront, launched to the market in late 2021, had sold strongly.

“The sales demand has continued, and even accelerated this year, which indicates to us there’s a pent-up demand for a project of this kind,” he said.

The Waterfront has an estimated end value of $115 million and a projected construction cost of $52 million. Work is expected to begin mid-2022.

Click here to read the full article from the Urban Developer: https://www.theurbandeveloper.com/articles/green-light-for-central-coast-residential-tower-gosford

 

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