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$350m Cronulla project gets tick of approval

Busy developer Sammut Group has added another project to its burgeoning pipeline after securing approval for a $350 million mixed-use development at the northern end of Cronulla Plaza.

The nine-storey development will be the first major urban renewal project in the southern coastal Sydney suburb since Northies Hotel was redeveloped into the Sur Mer residential complex more than 20 years ago.

It will be built on a 5225-square-metre amalgamated site at 3-23 Kingsway, opposite the entrance to the open-air shopping arcade that runs down Cronulla Street.
Known as Vue, the development will comprise four levels of basement parking, a two-storey podium housing ground-floor shops and first-floor offices and two residential buildings above offering 112 one, two and three-bedroom apartments.

It will be built on a 5225-square-metre amalgamated site at 3-23 Kingsway, opposite the entrance to the open-air shopping arcade that runs down Cronulla Street.

Known as Vue, the development will comprise four levels of basement parking, a two-storey podium housing ground-floor shops and first-floor offices and two residential buildings above offering 112 one, two and three-bedroom apartments.

The Cronulla development will be anchored by a flagship Harris Farm supermarket.

The retail offering will be anchored by a Harris Farm Markets supermarket, the first in the Sutherland Shire and a flagship store for the region.

Off-the-plan sales are due to kick off in early 2023 with construction expected to begin in the second quarter of next year and be completed by mid-2025.

Sammut Group also intends to sell all 885 sq m of commercial space in the development including shops and restaurants, rather than lease them out.

Sammut Group CEO Allen Sammut said he hoped Vue – one of about a dozen projects the family-run developer has racked up in Sutherland Shire – would help revive the centre of Cronulla, where local businesses were hit hard by the pandemic.

“We’re extremely excited to bring a whole new life to our CBD,” said Mr Sammut.

The latest approval comes within a month of Sammut Group securing a permit for Parc, a six-level hotel and co-working project further down Cronulla Plaza at 138-142 Cronulla Street.

“The approval for our Vue project gives us the chance to effectively bookend Cronulla Plaza with the highest level of design quality, and two very significant projects that will generate vibrancy and buzz, which the area sorely needs,” Mr Sammut said.

Link to article in Australian Financial Review

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