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Which Central Coast City Is Getting A $650 Million Overhaul?

lederer-gosford

The Gosford CBD will undergo a $650 million refurbishment over the next 20 years in a bid to fundamentally reposition the city as the Central Coast's cultural and economic heart.

The ‘Gosford Alive’ plan aims to bring to life a thriving new urban precinct across a 5.8-hectare site in Gosford CBD, just minutes from Gosford Train Station.

The masterplan has been created by Lederer Property and architects, Conybeare Morrison (CM+).

The project was developed in response to the NSW Government’s Draft Central Coast Strategy, which calls for new homes and employment opportunities to accommodate the forecast regional population increase of 100,000 over the next 20 years.

Defined by welcoming public spaces, retaining existing trees and maximising green infrastructure, the project aims to reinvent the CBD and attract new business and residents.

Kibble Park will be transformed, with the addition of new café and restaurant concepts, while Transit-Oriented Development (TOD) principles will connect seamlessly to existing public transport nodes and promote walkability.

Residents will benefit from new shopping, food and entertainment experiences with an additional 8,000 square metres of retail/commercial space and 300 more parking spaces, proposed as part of the ongoing redevelopment of the Imperial Centre. This will happen over the project’s 15-20 year horizon and extends on the quality work Lederer Property has already begun at the Centre which has recently undergone a $20 million redevelopment.

General Manager Property at Lederer Group Marek Ristwej said the vision for Gosford Alive represented a new era for Gosford.

“With Gosford Alive we’re proud to contribute to the NSW Government’s vision to establish Gosford as the capital of the Central Coast. Gosford Alive is a game changer for the city, which will transform the CBD into a welcoming vibrant place that will attract residents and make the community proud.”

“Lederer Property has a long-term relationship with the region, through its ownership of the Imperial Centre. As urban renewal specialists, we have long since identified the huge potential for Gosford to evolve into a thriving, characterful coastal city and we are deeply committed to working with Gosford City Council and the community to deliver this transformational vision at such an exciting time for Gosford.”
 
A Stage 1 DA of the ‘Gosford Alive’ Master Plan will be lodged with Gosford City Council in the first quarter of 2016. Due to the capital investment value of the project, NSW planning legislation requires that the DA is assessed by the Joint Regional Planning Panel on behalf of Gosford City Council.

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Article originally posted at: https://https://theurbandeveloper.com/articles/gosford-unveils-20-year-refurbishment-plan