Agreement reached for the Brisbane Road Car Park site

Published:

Brisbane Road Car Park site June 2020

Sunshine Coast Council has endorsed KPAT Asset Management Pty Ltd as the preferred respondent to the extensive procurement process to develop the parcel of land fronting Brisbane Road and First Avenue, Mooloolaba.

Council also authorised the Acting Chief Executive Officer to negotiate and execute contracts for the development and sale of this portion of the Brisbane Road Car Park site.

In November 2018, council decided to divide the existing Brisbane Road Car Park site into two parcels.

Following this decision, council undertook an expression of interest and subsequent tender process for the parcel fronting Brisbane Road and First Avenue. This process was overseen from the outset by an independent probity advisor.

Acting Chief Executive Officer Warren Bunker said the evaluation panel concluded in early 2020 that the submission from KPAT Asset Management Pty Ltd was stronger and more advantageous to council and the community, due to superior design and highest offer price for the land.

“The proposal from KPAT Asset Management Pty Ltd includes a 4.5 star hotel development comprising of 160 hotel rooms, additional car parking and ground level retail space,” Mr Bunker said.

“The proposed hotel operator is the Minor Hotel Group, which operates Avani brand hotels.

“Minor Hotel Group is an international hotel and resort chain with over 30 Avani branded hotels worldwide including 4 in Australia along with 50 Oaks branded operations.

“The benefits from a project of this nature flow through to many local contractors, suppliers and businesses.

“It is anticipated that subject to successfully negotiating the necessary contracts and the proponent obtaining the requisite development approvals, approximately 186 construction workers would be involved throughout construction with an ongoing 137 jobs in the local retail and accommodation sector.

“In late 2018, council obtained and subsequently released, an independent valuation for this portion of the site, which was $8.4 million.

“A further valuation has been obtained in April 2020, which takes into account council’s requirements for an access easement from Brisbane Road to the new multi-deck car park, requirements for a hotel and ground level activation as well as the contents of the proposal from KPAT Asset Management Pty Ltd.

“Revenue received from the proceeds of sale of the land will help to offset the cost of constructing the new multi-deck car park in Mooloolaba.

“Details of the April 2020 valuation for this portion of the site (fronting Brisbane Road and First Avenue) will be released once the contract negotiations with KPAT Asset Management Pty Ltd have concluded.”

Construction on the new 4.5 star hotel is expected to start in mid-2022 subject to development approval being obtained by the proponent in late 2021. On this timeline, the project is forecast to be completed in late 2023.

 
Business Business & Economy Infrastructure & Construction Sunshine Coast Council Tourism Tourist Accommodation
Social:   

Sunshine Coast Regional Council :
Locked Bag 72 Sunshine Coast Mail Centre Q 4560, Sunshine Coast Wide
07 5475 7272
1300 007 272
Sunshine Coast Regional Council
Showing 10+ recent articles for this business
Join the Sunshine Coast Arts Advisory Board 12 October 2020 | Sunshine Coast Council is calling for Expressions of Interest from experienced, professional, arts and creative sector leaders to join the Sunshine Coast Arts Advisory Board and help drive arts and culture in the... More information...
Justice of Peace service returns to Libraries 09 October 2020 | Sunshine Coast Council Libraries’ popular free Justice of Peace service is now available at Beerwah, Coolum, Kawana and Maroochydore Libraries by booking via email or phone. More information...
Coastal fox control program set to finish strong 2020 02 October 2020 | Efforts to protect coastal native wildlife will be ramped up again this spring, with Sunshine Coast Council, Queensland Parks and Wildlife Service, Coolum and North Shore Coast Care and Noosa Council working... More information...
Sunshine Coast Libraries in your pocket 01 October 2020 | Sunshine Coast Council Libraries have launched a convenient, time-saving app for library customers. More information...
Lights, Live Music and Markets 01 October 2020 | The Caloundra Mini Festival is all set to showcase 75 music and visual artists, with the first round of live music tonight (Oct 1) at Drift and Whispers Bar & Cocktail Lounge. More information...
New walking trail paves way for environmental discovery 29 September 2020 | Nature lovers can explore more of the Sunshine Coast hinterland, with new trails opening at the Maleny Community Precinct wetland, accessible off Porters Lane. More information...
Sunshine Coast Australia Day Awards 2021 - Nominations open 30 September 2020 | 2020 has been an unprecedented year with the Covid-19 pandemic wreaking havoc across the globe, but at the same time has seen many people go above and beyond to support their community. More information...
Development.i paves the way for planning excellence 30 September 2020 | Development.i, Sunshine Coast Council’s revolutionary development tracking and visualisation platform, won the Improving Planning Processes and Practices award at the Planning Institute of Australia (PIA)... More information...
Green thumbs in Division 3 leading the way 29 September 2020 | A recent analysis of households on the Sunshine Coast with garden waste bins has revealed Division 3 residents are leading the way, claiming five of the top six suburbs for percentage of households using this... More information...
Is your pool summer-ready? 25 September 2020 | Like many of us, swimming pools need to get their summer body ready and spring is the perfect time to do your pool safety check. More information...


comments powered by Disqus

All articles submitted by third parties or written by My Sunshine Coast come under our Disclaimer / Terms of Service