Development boost for Mid-West region

A NEW hotel, commercial, retail and residential precinct, worth more than $50 million, is set to boost the profile of LandCorp’s latest urban renewal project in the State’s Mid-West.

Linking the Geraldton marina to the town centre, the 8ha Batavia Coast Marina project has already proved a success, with 16 of the 23 lots snapped up by the Kareelya Property Group, J-Corp and local businesses since their release just over a year ago.

The remaining lots are not expected to remain long, as the Kareelya Property Group pushes ahead with its plans to dev-

elop a $45 million four-star hotel, a $7.5 million commercial

centre and a residential village

along the Geraldton foreshore.

The new development will be built on a 2ha site bought by Kareelya from LandCorp in March last year.

First on the list is the Foreshore Commercial Centre, a three-storey office building which will have 2061sqm of lettable office space and 568sqm space for three showrooms.

Kareelya Property Group pro-ject manager Robert Olde said the proposal had just received final approval from the City of Geraldton and documentation for the construction tender was now being drawn up.

Mr Olde expected construction to start within eight weeks and

the commercial centre to be completed by April next year.

The luxury hotel, now in the final planning stages, will not be completed until 2003.

Mr Olde said the Broadwater Group would manage the hotel and said the development was likely to be modelled on some of the group’s other successful hotels, such as the Pagoda Hotel in South Perth and the Broadwater Como Apartments.

Townhouses and luxury apart-ments will be built next to the hotel.

Mr Olde said the developments were timely because Geraldton, which had long been overlooked as a tourist destination or place of business, was starting to “take off”.

“We can see that Geraldton is about to go through a period of growth. There are a lot of infrastructure projects about to start and the foreshore centre will support them,” Mr Olde said.

“The Abrolhos Islands will also soon be opened up for eco-tourism, which is the reason we believe there will be a need for the hotel.”

LandCorp corporate communi-cations manager Ian Williams said the Batavia Coast Marina project would act as a catalyst for redevelopments of existing build-ings and infrastructure, as well as raising the profile of Geraldton to that of the civic, commercial and cultural centre of the Mid-West region.

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