More than a billion dollars worth of buildings and 2500 new people could radically transform Wollongong.
And it could happen sooner than you think.
Over the past year, the CBD has become construction central, with vast blocks levelled and noisy jackhammers dominating the city’s streets.
Just last week, a two-tower, $38-million complex for the long-dormant Oxford Tavern site was given the final tick of approval – but as you scan the city centre, it’s clear there’s plenty of work already transforming our city.
Wollongong’s new developments – map
According to an Illawarra Mercury analysis of planned development in the urban wedge between Flinders Street, the coast and Wollongong Hospital, developers are set to pour at least $1 billion into the city over the next few years.
Already, planned investment for the area is $791.5 million and with two massive projects – the Bass and Flinders Gateway and former Dwyers site – not yet budgeted for, the total will easily edge over the $1 billion mark.
Managing Director of MMJ Wollongong Geoff Jones is excited to see action in the Wollongong CBD. “The Illawarra has been waiting patiently for these major developments to get off the ground. With the Mall upgrade and these major projects underway, the Wollongong CBD will become a vibrant and active community for businesses and residents.”
“New products in the CBD will lift its profile and increase incentives for new businesses and residents to come to the area. We see a lot of positives for CBD property investors in the near future.” Says Geoff.
Looking for property in the Wollongong CBD? Search online now.
Original article. http://www.illawarramercury.com.au/story/2151450/images-grand-plans-to-transform-wollongongs-skyline/?cs=298