Sales of apartments in the final stage of the Sharks development will help determine when work will start on the long-awaited, new retail centre and Sharks leagues club upgrade.
Registrations have opened for stage four of Woolooware Bay Town Centre.
A display suite and sales office for the “new resort village elevated high above the bay” has been established at the southern end of Cronulla mall.
The move coincides with a development development application (DA) being lodged for the proposed works covering the area occupied by the leagues club and car park, on the eastern side of the football stadium.
The DA contains contains the details of concept plans that were approved in April last year.
The $233.6 million stage four project includes Bay Central retail centre, revamped leagues club, child care centre, 71-key hotel, a further 255 apartments and above-ground car park, with 1127 spaces.
Ben Fairfax, managing director of Capital Bluestone, the Sharks’ development partner, said, with the lodgment of the DA, the company was “focused on hitting all the other necessary milestones that will enable us to start construction”.
“This includes achieving residential apartment sales,” he said.
“We’ll be looking to launch the first stage four apartments to the market in March, 2019, from our new display suite in Cronulla mall.
“Assuming a positive sales launch, and the ongoing success we’re having with retail leasing, we will likely commence construction of Bay Central and the new Sharkies Club after the 2019 NRL rugby league season.”
The projected starting date is a year later than envisaged in 2017, before a delay in the approval of concept plans.
The works include partial demolition of the leagues club and construction of a new retail centre with a full-line supermarket, food retail, mini-major tenancies, specialty retail, dining tenancies and medical and leisure uses.
Vehicular access will be from Captain Cook Drive and Woolooware Road North, which will be extended across the existing roundabout.
Four apartment buildings, with 225 units, will be built above a podium which will sit on top of the four-storey retail centre and car park.
Another building, facing Captain Cook Drive and next to the football stadium, will include the hotel, offices and more apartments.
Building heights, including the levels below the podium, will range from nine to 15 storeys.
The podium will provide the “primary communal open space for residents”, and include a pool, lawn area and barbecues.
Forty-five per cent of units will be two-bedroom, 37 per cent one-bedroom and the remainder three-bedroom.
Under a voluntary planning agreement with Sutherland Shire Council, five per cent of residential floor space will be allocated to affordable rental housing for a minimum of 10 years.
This provides a 20 per cent discount on market rental rates for low to moderate income earners, including key workers such as nurses and emergency services officers.
Five per cent of apartments will be reserved for first home buyers, who will be able to purchased with a reduced deposit amount of five per cent.
Landscaping along the Woolooware Bay foreshore is still to be finalised.
The DA said Capital Bluestone had appealed to the Land and Environment Court against the Planning Assessment Commission rejecting the location of a proposed $1 million Livvi’s Place accessible children’s playground, largely because of high voltage power lines above.
