A prominent development group has been given approval for a second residential apartment complex in Maroochydore CBD totalling $94 million.
Habitat Development Group has been handed a development approval from Economic Development Queensland for its second project in the Maroochydore CBD.
The Corso Residences will consist of a mix of one, two and three-bedroom apartments across 15 storeys.
It follows their $83 million Market Lane project in the town centre.
Habitat Development Group director Cleighton Clark said he was buoyed by the success of the first project.
“The recent sales rates at Market Lane have been very healthy and we expect to be sold out in March 2021 – 12 months ahead of completion,” Mr Clark said.
“The timing for the sales launch of The Corso Residences is scheduled for the second quarter of 2021.
“We expect strong Inquiry from those that may have missed out on our first project.”
Designed by local business K Architecture, tower one will have 116 apartments over 15-storeys, including five penthouse units on the top floor.
Tower two includes 42 apartments over eight stories and 715sq m of retail space on the ground floor.
“Residents on the north side will look towards Maroochy River and Picnic Point and northeast to the Ocean, while residents on the south will look over Sunshine Coast Pde and the Corso, which was completed earlier this year,” Mr Clark said.
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