Luxury 64-apartment Terrigal development to proceed

Artists impression of the Elysium development in TerrigalArtists impression of the Elysium development in Terrigal

Local developer, Central Real, have revealed their vision for a new $40 million residential development in Terrigal called Elysium.

The new 64-apartment development, located at 156-160 Terrigal Dve, will be set amongst 2.5 acres of tropical gardens, across the road from Terrigal Beach, and within walking distance of the Terrigal CBD.

Founder and Managing Director of Central Real, Mr Tony Denny, said, “Elysium will be our flagship development and one of the highest quality projects on the Central Coast. “An enormous amount of work goes into bringing every Central Real development to the market, but there is something unique and very special about Elysium,” Mr Denny said. “Nothing like this has been created before on the Central Coast, and we are excited and proud to place our stamp on such an iconic site,” he said.

“It’s taken nearly three years of design and approval; we didn’t compromise and we didn’t settle for second best. “We feel it is now perfect, and time to bring Elysium to life.” Catering to all buyers, Elysium offers a mix of two, three and four bedroom apartments across six architecturally designed buildings. “We are expecting strong buyer interest from both local and Sydney buyers, due to its highly-sought-after location, architectural merit, ample parking, and the quality design of the over-sized apartments,” Mr Denny said. Elysium will offer a beachside holiday lifestyle within a lush garden environment, in close proximity to the Terrigal CBD. Elysium also provides a fully landscaped, resort-style 25 metre swimming pool for residents.

Apartments have a selection of ocean and garden views that have been expertly designed to maximise liveability, with a north-facing aspect. Director of Integrated Design Group, Mr Simon Thorne, said: “Our design intent is for Elysium to reflect the natural fl ow and beauty of the coastline. “Most apartments are double and triple fronted so that air and light will move effortlessly through the apartments,” Mr Thorne said. Open plan living and full-height glazing flood apartments with light, while large functional balconies welcome the outdoors into each living area. Elysium also provides two car parking spaces per apartment. Central Real is continuing its long-term commitment to revitalising the Central Coast, with Elysium joining five other quality developments by the company in the region including, Vue, Marina, Scenic, Icon and AQUA. Sales for Elysium will launch on November 4. The development application was approved by the Joint Regional Planning Panel and a deferred commencement consent was granted in August 2010.

The consent was modified in December 2012, when the developer submitted a remedial action plan for contamination and Council deleted the conditions of deferred commencement and added new conditions to address contamination issues. The developer achieved physical commencement in March 2014. The last amendment was lodged with Central Coast Council in February and approved in June, and made way for a reduction in the number of units from 65 to 64, an increase in the height of part of the development, an amendment to the mix of units and an increase in the number of car parking spaces.

The developer was to pay $868,900 in contributions to Central Coast Council before issuing a Construction Certificate, to pay for open space embellishment, footpaths, town centre and foreshore improvements and stormwater and flood mitigation. The approved plans were for six separate buildings with access from Terrigal Esp. Part basement car parking was provided with three residential levels above the parking level. The site is located on the western side of Terrigal Dr between Havenview and Ena Sts.

Source: Media release, Oct 13 Rebecca Parry, Dec PR Website, Oct 17 DA38134/2010, Central Coast Council Gosford DA Tracker