The Henzell family has lodged a development application for 226 residences at Pelican Waters to be developed over four stages on the Sunshine Coast.
Plans for the $200 million residential precinct, which is one of the largest private developments on the Sunshine Coast, will deliver the new homes to The Island, an enclave located in Pelican Waters, near Caloundra.
The latest development application builds on the masterplan for the coastal precinct, established by the Henzell and Ford families in 1989 on land that the families have owned since the 1940s.
The Henzell family, behind Henzell Property Group and Sunshine Coast-based Henzells agency, the latter co-founded by Roy Henzell senior in 1935, is today led by father and son team Roy and McLean Henzell.
Roy Henzell senior purchased 800 hectares of land just outside of Caloundra for 2000 English pounds in 1946, today known as Pelican Waters.
The latest development, known as The Cove, will be undertaken in four stages, and will comprise apartments and townhouses.
The development’s first stage includes 36 residences and 16 terrace homes, subject to council approval.
McLean Henzell said the plans for The Island are a response to a growing demand for higher-density living in the region.
“Our vision is to provide a more diverse offering at Pelican Waters that will cater to this sector of the market,” Henzell said.
Henzell added that future stages include an additional three towers, commercial, restaurants and retail.
The family’s presence in Caloundra span four generations since the 1930s, with much of the land developed in the area today, or at one stage owned or transacted by the family.
Other projects in the family portfolio include the Caloundra CBD Henzell Plaza building, and the $15 million Carlyle Terraces residential development in Pelican Waters.