RCQ Constructions is building the two-tower, 85 apartment complex at Pikki St. Mr Rafter said government grants boosted first homebuyer interest in the development, while others saw the complex as an opportunity to get their foot on the property investment ladder. Buyer Christopher de Vos said he was attracted to the complex because of its central location. Maroochydore was already a meeting spot on most weekends for me for a coffee with friends and family who live in the area or close by, so this was a great opportunity, he said. Mr de Vos purchased a unit with the help of the first-home buyers and home builder grants and looked forward to moving in when construction was completed toward the end of the year.
Its operating expenses were $1.92 million last year with $1.17 million attributed to staff costs. SunCentral CEO John Knaggs at the Maroochydore city centre for the announcement of the development agreement between Sunshine Coast Council and Walker Corporation. Staff salaries totalled $609,302 last year, excluding the chief executive officer John Knaggs. Its annual report stated employee benefits and remuneration for Mr Knaggs and the non-executive directors was $832,847, after he and the board agreed to a 15 per cent pay cut between April and June in response to the COVID-19 pandemic. A council spokesman said staffing changes at SunCentral was a matter for SunCentral. Mr Knaggs said via a statement that over coming months the arrangements involving council and SunCentral would be refined and reviewed to match the needs of the project.
Mr Brownsworth said the project provided a unique opportunity currently missing in the area for integrated work and living. It addresses a historical shortfall of convenience retail and office opportunities at the eastern end of Chancellor Park estate, he said. A development application has been lodged for a retail and residential at 310 University Way, Flame Tree Pocket, Sippy Downs. It includes multiple SOHO (Small Office Home Office) spaces. The development Master Plan anticipated the provision of small scale commercial uses on this site, but it has never been delivered until now. Reed Property Group has developed Flame Tree Pocket which welcomed its first residents in late 2015.