Lands Minister Terry Redman was in Bunbury today to launch the first phase of development at Bunbury Waterfront's landmark site, Koombana North.
Koombana North is the first stage of the State Government's commitment to the rejuvenation of the waterfront and comprises five development lots to be delivered by LandCorp.
Mr Redman today inspected the start of civil works at the precinct, being undertaken by local contractor APH Contractors Pty Ltd. The project will generate about 120 jobs on site throughout the project.
"The rejuvenation of the Bunbury Waterfront is part of the Government's bigger picture to support the economic growth of Greater Bunbury and the South-West region," he said.
"Once complete, Koombana North will feature five distinct mixed-use buildings, ranging from four to six storeys.
"The City of Bunbury recently approved a development application for Lot 1 by AustPro Management Services Group to develop a retail or commercial space and 14 residential apartments on the upper five floors."
The Government's commitment to the redevelopment of the Bunbury Waterfront began 15 years ago with LandCorp's delivery of the Marlston Hill precinct, followed by the Marlston Waterfront precinct.
The remaining lots will be released to market in stages over the next 18 months.
One of the key features of the Koombana North development was the upgrade to the foreshore and the associated Ski Beach, which was completed two years ago.
The 12,945sqm site will be subdivided into five mixed-use lots
AustPro Management Services Group has an option to purchase Lot 2
Subdivisional works are scheduled for completion in July 2016 with AustPro's building works anticipated to begin by early 2017
LandCorp has a long history of involvement in the revitalisation of Bunbury with previous management of both the Marlston Hill and Marlston Waterfront areas
Minister's office - 6552 6700