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Spectacular Coast future inspiring development

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Spectacular Coast future inspiring development

Spotlight Group will be a major player in commercial real estate in the new Maroochydore CBD.

“I have in my office the list of everything that is going on the map on the Coast; it’s pretty spectacular,” Spotlight Group’s executive deputy chairman and co-owner Zac Fried says.

He then rolls off from the Sunshine Coast Council’s developments brochure the list of major projects that have him excited.

The privately owned Melbourne-based company recently opened in Maroochydore its largest superstore at 6000 square metres alongside two other of the group’s brands – Anaconda and Harris Scarfe.

“We have been looking at that location for a very long time,” Mr Fried says.

“Back when hardware chain Masters owned the site, the Spotlight Group were looking at building a store there.”

But it’s really what is underway at Sun Central on the old Horton Park Golf Club area that has enthused Mr Fried. “The council and Sun Central’s vision to convert that into what it is going to be is quite an amazing thing,” he says.

“There is huge potential. The dream that has been set by council and Sun Central is reality and it is happening.

“Our location is the perfect future edge-of-centre development.”

CBRE’s director of sales and leasing (retail) Brendan Robins says next year there will be three or four more sites under construction in the northern CBD area. “The bulk of the buildings will be built and established by 2030,” he says.

Work on the Maroochydore Spotlight Group site is far from complete. The Stage 2 retail commercial site, at twice the size of Stage 1, is being considered with the designs due on Mr Fried’s desk now. Once the permits are in place, construction could start as early as next year.

The final Stage 3 development is proposed to include two towers to house residential apartments, a hotel, office space or a combination of those depending on demand, but that might not happen for another six to eight years.

“We need to be realistic,” Mr Robins says. “We don’t want to be an eyesore and stand out with an eight or 10-storey tower down the other end from the CBD.

“Now it’s about focusing on the retail and commercial today and getting that up and trading and then we will come back.”

The Spotlight Group is looking at sites in Caloundra and Noosa for more Spotlight stores and potentially a Harris Scarfe store while Mr Fried has been looking at Gympie.

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Tracey Johnstone has worked as a Journalist for over 15 years. She started as a sailing writer and working on international events both in Australia and overseas. For several years Tracey was a feature writer for a national Seniors newspaper before bringing her experience in buying, selling building and renovating Coast property to MWP in 2019.

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