ALAND to bring new vibrant destination development to Gosford
Leading Sydney developer ALAND is ready to breathe new life into one of central Gosford’s most significant and sought-after mixed-use sites with the unveiling of Archibald by ALAND.
In June this year, ALAND acquired the landmark 5,656sqm parcel at 108 Donnison Street Gosford with the vision of transforming and improving on original plans for the site.
Originally approved in 2015 to build a combined residential and hotel complex, ALAND has stepped in and amended those plans to better suit the current market and local community. The highly anticipated Archibald by ALAND is now being launched to market in collaboration with McGrath Projects.
Named after Archibald Acheson, the second Earl of Gosford, the landmark development will be home to 323 residential apartments, 130 hotel rooms, multiple food and beverage tenants plus a whole floor 960sqm sky bar.
ALAND CEO George Tadrosse said the revitalised development would be worth the wait given its tremendous offering and outstanding location.
“This is an excellent opportunity to offer an unmatched product to Gosford and add a significant new addition to the local skyline. As a result of careful consideration, we believe we have created an exceptional contemporary design that will appeal to holidaymakers, local buyers, purchasers moving to Gosford, and investors looking to capitalise on the growth potential of this thriving community.” he said.
John McGrath, CEO of McGrath Estate Agents, said the Central Coast is poised for impressive price growth performance.
“With a perfect blend of coast and country lifestyle, combined with an easy drive to one of the biggest cities in the world, it has everything the market wants. And the growing work from home trend has made it an even more in-demand lifestyle,” he said.
“Gosford is rapidly emerging as one of the most exciting fast-growth commercial hubs on the east coast of Australia and provides the area with the long-awaited commercial and retail opportunities it’s been crying out for.”
Despite a widespread price correction across many residential markets, Mr McGrath said the thriving region has great long-term prospects.
“The Central Coast has been impacted along with almost every other market in the country, but the growing trend towards sea and tree changes – coupled with work from home demands – has positioned this market for a softer landing and a more rapid bounce when interest rates stabilise,” he explained.
“And a very large section of the growing demand for the Central Coast are both big city downsizers from nearby Sydney as well as professional couples and families. Apartment living has never been more in-demand by these groups.”
Mr McGrath added that luxury developments such as Archibald will be sought after by city slickers seeking a nearby getaway within an hour of Sydney.
“Archibald is a perfect fit for those wanting a slice of luxury within easy access from their primary residence. There’s no doubt the Central Coast is closer to Sydney than ever before with the recently opened NorthConnex shaving 20 minutes off commute times,” he said.
Jaimie Woodcock, principal of McGrath Central Coast said Archibald by ALAND is a breath of fresh air for the region.
“We’ve been waiting a long time for a development that has something significant to offer the area. This has the hotel offering, a significant food and beverage offering as well as a gym and pool. For buyers Archibald goes well and truly above and beyond just purchasing an apartment, and for the general public it’s going to be a local destination for drinks with friends and dining out at restaurants,” he said.
Mr Woodcock added Archibald by ALAND will make its mark on Gosford in more ways than one.
“With a proven track record of delivering quality projects, ALAND demonstrates its capability to deliver and that’s what the area has been lacking. Buyers are telling us they have a whole lot of confidence in the local market when they see a respected organisation such as ALAND taking on this project, which is a significant size. It’s really going to dominate the skyline of Gosford.”
With street frontages on Mann, Donnison and Baker Streets, Archibald is one of the Gosford CBD’s last remaining consolidated sites. The two buildings will house one-, two- and three-bedroom units plus three- and four-bedroom penthouses, all with access to resort style facilities and many with views of Brisbane Waters and the city skyline.
Apartments in the development range in sizes from 58sqm to 280sqm with a 1 bedroom starting from $475,000.
“The price point of this project has been extremely attractive. We’ve had a lot of investors and first home buyers looking because they can buy in brand new under $750,000 with an extraordinary view and all of those added offerings, and that’s a compelling attraction to so many purchasers right now,”
– Mr Woodcock said.
Scheduled to be completed in Q3 2024, Archibald by ALAND will be a one-of-a-kind offering on the Central Coast with easy access to the region’s beautiful beaches and convenient amenities.
Located close to Gosford’s waterfront near multiple public parks, Archibald is well-connected to key amenities such as Gosford Train Station, Central Coast Stadium, TAFE and the University of Newcastle’s proposed $18 million Gosford Campus upgrade on Mann Street.
For enquiries, please contact McGrath Central Coast Projects on 1300 271 420 or projectscc@mcgrath.com.au