Kroymans to kick off major masterplanned project
Property Shop Cairns sales and marketing director Ben Johnston says the developer will be putting the project out to tender, looking to employ a local civil construction company, as soon as council approvals come through.
Pinecrest will include more than 800 residential lots, more than 9ha of space earmarked for potential aged care development and a number of medium density sites for uses such as child care.
“We have Frederik Kroymans, an experienced developer looking at creating probably one of the biggest masterplanned communities to be developed in Cairns,” Mr Johnston said.
The first stage of the development would involve 45 lots. Applications have been lodged with the Cairns Regional Council and the developer is expecting news by the end of the month .
Mr Johnston said Pinecrest would feature larger than usual lot sizes, with a diversity of lots across the masterplan.
The project, spanning more than 100ha, is expected to be rolled out over eight to 10 years, with an overall value of more than $500 million.
Member for Mulgrave Curtis Pitt said he was very pleased to see the confidence Frederik Kroymans was showing in developing the southern corridor of Cairns with the Pinecrest subdivision at Mount Peter.
“However I am concerned that lack of capacity in terms of water and sewerage infrastructure at Mount Peter and Gordonvale may hamper development that will produce much-needed housing construction jobs,” he said.
Mr Pitt said he had written to State Development Minister Kate Jones to ask that the region’s share of the recently announced $200 million Building Acceleration Fund be used to support Cairns Regional Council to enable the necessary trunk infrastructure to support these developments.
“This is important to help our recovery from COVID-19 and to allow homebuyers to take advantage of federal and state housing support packages,” he said.
He said expected population growth in the southern corridor was already supported by the $481 million Bruce Highway duplication between Edmonton and Gordonvale, which has just commenced, as well as the Cairns South State Development area which will support industrial growth south of Edmonton.
“The Queensland Government’s previous Catalyst Infrastructure Program helped support councils and private proponents to build roads, water, sewerage and other infrastructure, including MacKillop Catholic College, Mount Peter and Kenfrost Homes’ Mount Peter Estate.”
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