Sammut Group Lodges $350m Cronulla Retail Precinct Plan
A bold $350-million plan to reinvigorate the northern end of Cronulla’s CBD would transform a 5225sq m site into a mixed-use residential and retail precinct. Sammut Group acquired the Northern Gateway properties between 3 and 23 Kingsway at Cronulla with venture capital partner Alceon Group.
Plans for initial demolition works plus a three-storey basement car park and two-storey retail and commercial podium have been lodged with the Sutherland Shire Council this month. Ultimately the site would include residential, commercial and retail mixed-use developments, including 112 one-, two- and three-bedroom apartments, 885sq m of commercial space, restaurants, shops and a flagship Harris Farm Markets store.
How Sammut Pulled Off a $100m Site Amalgamation
Sydney developer Sammut Group has unveiled a $350-million masterplan that it hopes will transform the Cronulla CBD in the city’s southern beach suburbs.
Themixed use urban renewal project, a joint venture with Alceon Group, incorporate 5500sq m after Sammut Group was able to pull off a complex site aggregation between 3 and 23 Kingsway that cost more than $100 million.
The development, known as Vue, comprises 112 apartments, commercial and retail space. Flagship launch tenant Harris Farm Markets will open its biggest store in Sydney on the site.
Sammut Secures Approval for Cronulla Mixed-Use Project
Sydney developer Sammut Group has been given the go ahead for a transformational $350-million mixed-use urban renewal project in its longstanding stomping ground along the city’s southern beaches.
The nod from the South Sydney Planning Panel paves the way for the redevelopment of an amalgamated site spanning 5500sq m at 3-23 Kingsway at the northern end of Cronulla’s CBD in a joint venture with Alceon Group.
To be known as Vue, the 15,670sq m project will comprise 112 one, two and three-bedroom apartments across two eight-level buildings that also includes 3067sq m of retail and 880sq m of commercial space.
