Two major residential developments worth over $24 million in and around Gosford’s city centre were approved by Gosford Council at its last meeting for the year on Tuesday, December 9.
Councillors also supported a number of key incentives and initiatives to keep driving the city centre’s revitalisation. Gosford mayor Cr Lawrie McKinna said the approval of the residential developments in Gosford’s CBD and Point Frederick was a great way to end a record year for the area. “This year has seen a record amount of potential development worth over $500 million lodged with council for the Gosford CBD area and its surrounds,” mayor Cr McKinna said. “Council has now given the green light to a 14-storey, $12 million mixed use building that includes 50 residential units and ground fl oor commercial premises on Mann St in the CBD between Faunce St and Beane St. “We’ve also given the go ahead for a $12.2 million, six-storey building comprising 54 residential units on York St in Point Frederick not far from the Gosford Waterfront. “I’m confi dent that these latest approvals signal the start of turning this year’s investor confi dence and development potential into reality,” he said. Gosford Council’s CEO Mr Paul Anderson said it was very pleasing to see that councillors had also backed a series of initiatives and incentives that are critical to the city centre’s revitalisation. “Our long running incentive for CBD development that offers a bonus 30% increase in fl oor space and building height to eligible applicants will now be extended for another year,” Mr Anderson said. “In fact, the $12 million Mann St and $12.2 million York St residential developments approved by council last night took advantage of this very development incentive. “Council also adopted the recommendations from our staff’s latest report on planning for the city centre. “Pending the preparation of a planning proposal, these recommendations could see a number of exciting changes to planning controls in the CBD including possibly raising the height of buildings to 30 storeys or more. “And following our participation in the Future Cities Program recently, we’ll now be setting up a dedicated council task force to drive the implementation of the Gosford City Centre Masterplan as well as the city centre’s revitalisation,” he said.
Media release,
10 Dec 2014
Gosford Council Media