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Visionary Master Planned development for Kanwal

Posted by Edgar Adams on 10 July 2024
Visionary Master Planned development for Kanwal

Vivacity Property, one of Australia’s leading developers of retirement living communities is proposing to develop a master planned boutique retirement living communities on the Oasis Caravan Park site at 207-209 Wallarah Road, Kanwal.

Vivacity purchased the 5.09Ha caravan park which had been on the market for some time in early 2021 and has continued to operate it pending redevelopment.

The property is located opposite the Kanwal shopping precinct and is adjacent to the Wyong Leagues Club.

A planning proposal for the redevelopment was lodged with the Department of Planning in September 2023 and subsequently placed on exhibition from 27th May to 24th June 2024.

The project was one of only five projects in NSW selected by the Department of Planning under the Rezoning Pathways Project, and it has been identified by the Minister for Planning as a State Significant Development, due to the provision of a significant proportion of affordable housing (15%), and contribution to much needed local housing supply.

The proposal is for 675 apartments including 102 affordable housing units and a further 200 seniors independent living units.

Significantly 32% or 1.7 hectares of the site has been set aside for open space compared with the state benchmark of 15%.

Additionally, 1,000sqm of commercial floor area to accommodate local businesses.

As well and further $500,000 voluntary contribution to TFNSW for a business case to secure funding for the signalisation upgrade to the state intersection at Pacific Hwy/Wallarah Rd. This intersection is currently failing, and the project will ensure that this critical upgrade is provided, delivering a significant benefit to the wider locality.

Vivacity points out that several million dollars in local contributions will be levied by Central Coast Council for local roads, parks and community facilities.

The Oasis site is the largest remaining consolidated large site in the area and is located near the Pacific Highway and Wallarah Road intersection – both major transit routes.

The development represents a significant investment in the part of the region along with the provision of 675 homes.

The site has no real constraints and has avoided impacts on the environment such as the removal of local bushland.

The project will inject over $500M into the local economy contributing 630 new jobs per annum during construction, over a period of five years.

Author:Edgar Adams
Tags:Business News

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