Grand Plans for Casuarina Development Site

4 Sept

LOCAL REAL ESTATE NEWS

*Artist’s impression of the approved development at 6 Grand Parade, Casuarina*

A large parcel of land near Casuarina’s main shopping precinct has hit the market, with approvals in place for a four-storey boutique apartment development.

The 7,354 sqm site at 6 Grand Parade, Casuarina, adjacent to the Casuarina Town Centre, which includes Coles, and The Commons Casuarina retail precinct, is approved for 78 units.

Colliers Residential Director Troy Linnane said they were expecting the site to attract significant interest from local and national developers.

“Casuarina is among the most sought-after areas for homebuyers on the Tweed Coast offering easy beach access and close to urban amenities, including the new Tweed Valley Hospital,” Mr Linnane said.

The site is owned by regional developer Azure, which is moving out of the apartment market to continue its expansion into townhouses, where it has a $1.5 billion pipeline of projects.

“This site provides an extremely rare opportunity for residential developers to take advantage of a well thought-out project with development approvals already in place,” Colliers Residential Director Brendan Hogan said.

The project received development approval in March this year.

The site is being sold via an expressions of interest campaign, conducted by Colliers, which closes Wednesday 18 September at 4pm.

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