Seaside City is go
A $750 MILLION Tweed Coast development will move into its end phase of infrastructure works, having secured final construction approval from Tweed Shire Council this week.
Tweed-based civil construction contractor SEE Civil moved onto the site of Seaside City on Thursday to complete the works program as a prelude to the development’s first residential land launch in the new year.
Seaside City Developments director and engineer Ron Barclay said Seaside would not be another Casuarina or Salt.
“It will have its own distinct personality,” Mr Barclay said.
“It’s a very strategic piece of land and we’ve put a lot of thought and resources into ensuring we deliver something really special that does justice to it.
“It will appeal to people looking for a very environmentally-conscious, relaxed beachside environment that will, at the same time, offer great housing design and neighbourhood amenity at a very affordable price.”
Mr Barclay said with the onset of the global financial crisis in 2008, Seaside City Developments opted to withhold bringing the first land and housing to market this year and took a wait-and-see approach with the economy.
“We thought that was the prudent way to go, and the project’s very low gearing meant it was a luxury that we could afford,” he said.
“But we’re confident that now is the right time to push the button on bringing the first stages to market.”
Mr Barclay said Seaside properties would come onto the market at what he believed would be the beginning of the next property cycle.
“Property in the Tweed region is clearly starting to recover from the shock of the financial crisis, particularly along the beachfront where we are seeing sales volumes and values starting to come back to where they were prior to last year.
“There is a lot of renewed confidence in the area.”
The $9.5 million works program being predominately undertaken by SEE Civil will initially include major roads, power, water, communications, land development, drainage and earthworks, and is expected to be completed by mid-2010.
Cycleways, landscaping, lighting, parks and internal roads will follow.