Issue 194 of COAST Community News

Page 1

OCTOBER 25, 2018

YOUR INDEPENDENT COMMUNITY NEWSPAPER

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PH: 4325 7369

ISSUE 194

SPECIAL REPORT

CRANE CITY

T

he number of cranes filling the Gosford skyline is the clearest indicator of the massive transformation the city is currently undergoing.

The number of cranes now fluctuates from one week to the next as some projects approach completion and new ones come on line, but according to the city’s skyline, at long last, something is happening. The 12 development sites featured in this report, all with cranes on site when our photographer did a drive by, represent $216m worth of works and will result in 595 new residences, mostly one, two and three-bedroom units in flat buildings. That’s in addition to the hospital car park and medical school building, new street level retail and A1 commercial space. The NSW Government claims that the new State Environmental Planning Policy (SEPP), covering Gosford CBD, will result in a revitalisation of the city, but by the clearest measure, that transformation is already taking place, before the new planning controls are in place. The SEPP and DCP were gazetted on Friday, October 12, days after the Planning Minister, Anthony Roberts, announced, at a Gosford Erina and Coastal Chamber of Commerce luncheon, he’d signed off on the new controls.

Roberts also announced the merger of the Central Coast Regional Development Corporation with Hunter Development Corporation under the leadership of, Michael Cassel, the man responsible for the transformation of Newcastle’s city centre. Central Coast Council Mayor, Jane Smith, has proudly said, repeatedly, that $1.79b worth of development has been approved in the Gosford CBD since the Council amalgamation in May, 2016. Cain King, Director of CKDS Architecture, and Chair of the Central Coast Chapter of the Urban Design Institute of Australia (UDIA) said he was “genuinely excited” about Gosford’s future. “You do need a city centre for everything else to filter out from, so I do agree with the process that the NSW Government has used,” King said. However, he said a great deal of the current development activity, the cranes already in the sky, were due to the bonus incentives put in place by the former Gosford Council. “Everything we are seeing, apart from hospital, tax office and finance building, are directly from the bonus height and floor space ratio (FSR) incentives that Gosford Council put in place to encourage developers to come to the Coast. “Those cranes are a direct result of that, and that was a great benefit of Gosford

Crane on site for 15-storey Merindah Apartments in Mann Street

Council’s initiative,” King said. Whilst praising the former Council, King said he was also a “big believer” in the regional Central Coast Council. “We are in a new era now,” he said. “In support of the Council, they have had a lot of things to deal with as a result of the amalgamation, full stop, and the community needs to understand and be patient with that,” King said. “At the moment, Council does not have the number of planners it needs to support the number of projects coming through.” CKDS is involved with several significant developments in the CBD, including John Singleton’s Bonython Tower in Mann St and the triple tower Waterside development on the Froggy’s site, to name two of the biggest. “The community needs to know the new confidence that developers have in Gosford, as a result of State Government taking over development in the city until Council has its new consolidated Local Environmental Plan (LEP) in place,” he said. “The benefits for the local community of the State Government stepping in are phenomenal. “They are throwing in millions of dollars for infrastructure, so local money does not have to be spent on those items.

“Developers coming in won’t have to make those contributions, hence the Special Infrastructure Contribution (SIC) is being reduced to 3 per cent. “The measurable requirements within the state LEP will give a little more confidence to developers to come in and invest,” he said. King said he was confident that the emphasis on design excellence would deliver A-grade or B-grade commercial space to the city. “Currently we are C, D and below”. Bank finance remained a problem for developers but, according to King, they are “being smarter about it this time around. “A lot of the developers we have now have been far more intelligent in selling Gosford and attracting investment. “Developers are digging into their own pockets to build certain developments that are happening because finance is only made available at certain stages in the process. “Developers are having to dig into their own contingencies and their own money to get to a certain point where they can finance.” King said other developers have largely underwritten their own projects, namely John Singleton and Tony Denny.

Continued P3

Office: 120c Erina Street, Gosford Phone: 4325 7369 Mail: PO Box 1056, Gosford 2250 E-mail: editorial@centralcoastnews.net Website: www.centralcoastnews.net Mobile Website: www.coastcommunitynews.com.au


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