Foundation Place in the Maroochydore CBD is celebrating a significant milestone — not just for the development but for the entire precinct — with the first crane being erected on site in the CBD today.
The construction milestone for the first building to come out of the ground on the 53-hectare greenfield site, signifies an exciting year ahead which will see the $30 million, cutting-edge commercial premises open for business in 2020.
Locally-based Evans Long Director Matthew Evans said as a developer it is great to see cranes erected around the Sunshine Coast because it indicates a robust economy.
“Foundation Place is really setting the tone for the Maroochydore CBD — this is the first crane for the first building in a precinct which is going to revolutionise the Sunshine Coast is so many ways,” said Mr Evans.
“The CBD will have an enormous impact on the economy and we’re really excited to be a part of the journey from the very start. Those who have already come on board and committed to space in Foundation Place can see the benefit of getting in early and securing offices in what will soon become the heart of the Sunshine Coast business community.”
“With early works well underway, we are already employing 12 people on site which will increase to 30 as the project progresses. This does not take into account the countless subcontractors who will contribute to this project. This is the start of significant job creation on the Sunshine Coast with the entire CBD development expected to generate 15,000 jobs over the life-span of the 20-year project.”
Foundation Place has received strong interest from businesses wanting to be a part of the new building, including a law firm, a consulting firm and a construction company signing up.
“These businesses will make their mark on the Maroochydore business precinct, overlooking the parkland of Foundation Square and will be situated diagonally opposite the soon-to-be developed Sunshine Coast Council City Hall which will provide office space for 600 council staff,” said Mr Long.
SunCentral CEO John Knaggs said he was pleased that a well-established local company such as Evans Long had taken the lead to construct the first commercial building within the new city centre.
“The Evans Long team should be commended for their foresight in the development of Foundation Place, everything from the design through to its eco-credentials ensures it will be a landmark building which sets the tone for other developments within the new city centre.
“It’s also very pleasing to hear that demand is strong with the building already 50% tenanted to a broad cross section of businesses,” said Mr Knaggs.
SunCentral is currently reviewing Expressions of Interest for the next stages of land within the CBD.
Foundation Place is expected to be open for business in late-2020 which is around the same time the Sunshine Coast Submarine Broadband Cable and the International Airport runaway are expected to be operational.
“2020 will be a massive year in terms of infrastructure milestones for the region and we’re on the right track to developing a sustainable, eco-friendly and liveable city,” said Mr Evans.
“The Sunshine Coast is featuring on the world stage being named in the Top 7 Intelligent Communities of 2019 and we can be very proud of how the Coast is maturing and the opportunities this will bring to the region.”
Foundation Place is getting behind the sustainable eco-friendly philosophy of SunCentral, signing a commitment agreement to achieve a Five Star rating under the National Australian Build Environment Rating System (NABERS) as well as including a green wall, solar panels, energy-efficient air-conditioning and lightning.
“The Sunshine Coast is well-positioned for incredible growth and we’re already seeing that with the type of businesses who are enquiring — there is a great sense of excitement in the economy with the international runway, CBD, Broadband Submarine Cable and so much more happening in the region,” Mr Evans.
“We’re on track with the project at the moment and expect to pour the first slab by the end of the year. If weather permits, businesses will be opening their doors late-2020.”
Foundation Place will comprise 5,006sqm of floor space over eight storeys, incorporating a ground floor retail space with 77 car parking spaces.
Businesses interested in securing space at Foundation Place can contact Daniel Cullinane of Transact Property Group on 0431 278 806 or Daniel Vella of Colliers International on 0422 373 990.
For more information, go to www.foundationplace.com.au.