Lederer Property plan unveiled for $650 million makeover of Gosford CBD

A $650 million makeover with a precinct housing apartments, retail and entertainment spaces is being planned for Gosford CBD and establish Gosford as the heart of Central Coast.

The master plan for ‘Gosford Alive’ by Lederer Property outlines the redevelopment proposal of a 5.8-hectare site in Gosford CBD close to Gosford Train Station.

The project, a brainchild of Lederer Property and architects, Conybeare Morrison (CM+), is in line with the NSW government’s Draft Central Coast Strategy, which calls for new homes and employment opportunities to accommodate the forecast regional population increase of 100,000 over the next 20 years.

A Stage 1 Development Application (DA) will be lodged with Gosford City Council in the first quarter of 2016. Due to the cost of the project, NSW planning legislation requires that the DA is assessed by the Joint Regional Planning Panel on behalf of Gosford City Council.

Residents will benefit from new shopping, food and entertainment experiences with an additional 8,000 square metres of retail/commercial space and 300 more parking spaces, proposed as part of the ongoing redevelopment of the Imperial Centre. New cafés and restaurants are planned for Kibble Park, while Transit-Oriented Development (TOD) principles will connect seamlessly to existing public transport nodes and promote walkability, said a media release.

This will happen over the project’s 15-20 year horizon and extends on the work Lederer Property has already begun at the Centre which has recently undergone a $20 million redevelopment. The Kibbleplex Centre building will be replaced by apartments over the next five years.

“With Gosford Alive we’re proud to contribute to the NSW’s government’s vision to establish Gosford as the capital of the Central Coast,” said Marek Ristwej, general manager – property at Lederer Group.

Lederer Property, a part of Lederer Group, has a property portfolio including retail, office, residential and industrial.

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