The highly anticipated Nova City development moves one step closer to existence, as the Singaporean company pulling the strings prepares to select its tenders.
Tourism investment is expected to revive the Queensland economy, with a renewed focus on commercial construction filling the gap left by other sectors.
And Cairns is at the heart of this, boasting a number of massive projects already underway.
Chief among these is the highly anticipated Nova City development, which moves one step closer to becoming reality as expressions of interest for the tender process draw to an end.
Construction on the first stage of the $550 million commercial and residential project
will begin in mid-2018, injecting hundreds of new jobs into the city.
The Singaporean company behind the development, World Class Global, will issue the formal tenders later this year.
Once completed, the precinct will feature seven towers, apartments, retail spaces, relaxed communal areas and extensive recreational facilities, for residents and visitors alike.
Residents will be treated to exclusive resort style amenities at “Club Nova’ – a podium level featuring an outdoor kitchen, bbq area, infinity pool, gymnasium, yoga deck, children’s play area and even a theatre.
Cairns Mayor Bob Manning expects this project will inject new life into the city.
“There has never been a better time to live in, visit or invest in this city,” he told The Cairns Post
The developers have said they want to make Nova City accessible to a range of buyers. People are already bidding on the one-bedroom apartments, with prices starting from $395 000. All residents will enjoy access to the same luxurious facilities, whether they’re living in an apartment, townhouse or penthouse.
The first construction stage will focus on two residential towers that will become the tallest residences in Cairns (16 and 17 storeys high).
To give you an idea of the scope of this massive project, there will also be 335 apartments, 195 car parks, extensive recreational facilities and 1734 square metres of retail space.
Nova Light is the first tower that will emerge at 17 storeys high. The exterior will be designed to evoke memories of the surrounding ocean and rainforests, by featuring a neutral palette of folded glass, aluminium, stone, timber and ceramic.
The entire Nova City development is earmarked to take seven years to complete.