AFTER a decade in the pipeline the billion-dollar Coomera Town Centre development is ready to begin.
Fences have gone up around the Foxwell Road site and Westfield is expected to break ground within weeks with major earthworks to start about Christmas.
Area councillor and city planning boss Cameron Caldwell said the imminent start of works was the culmination of nearly 20 years of work.
“The hard work to bring the town centre to fruition is now paying off as meaningful progress is undertaken on the site in preparation for construction to begin,” he said.
“Coomera continues to lead the city in growth and opportunities and this project will provide a major boost during both construction and on an ongoing basis.
“This is the fruition of nearly 20 years of hopes and dreams and I am proud to have seen it happen after the work of recent years.”
The $500M first stage of the development got approval from the Gold Coast City Council last year but was stalled until the upgrade of Upper Coomera’s Exit 54 interchange on the M1 was upgraded.
Work on the duplication of the interchange began in August, unlocking billions of development in the north which can now proceed.
And the project’s imminent start date is also sparking sales of land surrounding the precinct.
LJ Hooker Coomera Licensee Teresa Foster said there was a strong appetite for property from both developers and people hoping to build their dream homes close to the regional centre
“It is all staring to fall in line and it is a development which a lot of people have been waiting a long time for,” she said.
“Many of the small holdings here have sold along Foxwell Road and every possible piece of developable land has been snapped up.
“Obviously people have been waiting for this.”
Among the first stage’s features are a cinema, two-level department store. supermarkets, retail shops and artificial beach similar to Brisbane’s Southbank.Back