In what will be its second project in the suburb, RM Developments has filed plans for a substantial apartment development in Sippy Downs on the Sunshine Coast.
The 0.423ha site is at 45 Sippy Downs Drive is next to the Sunshine Motorway and on the edge of the education precinct that includes Siena Catholic College and the University of the Sunshine Coast campus.
It is across the road from the planned Sippy Downs Forest Park, which is expected to be completed by the end of the year.
The plans before the Sunshine Coast Council, designed by Greg King’s K Architects, are for 89 apartments across seven storeys comprising 32 three–bedroom units, 56 two-bedroom units and a single one-bedroom unit.
It will have a large communal terrace, 142 carparking spaces and a pool and will be developed in two stages.
Marcoola-based Greg King also designed the Market Lane project in the Maroochydore CBD.
The project is valued at $60 million, according to RM Developments.
RM Developments director Josh Myers said Sippy Downs was an ideal location for such a project due to its recent growth.
“It’s an enormous growth corridor,” Myers said.
“The region’s education precinct has attracted newcomers and sparked an increase in commercial and hospitality offerings.”
The university was established in Sippy Downs in 1994, while insurance company Youi established its national headquarters on Sippy Downs Drive in 2017, adding a workforce of about 900 people.
Coles and Woolworths are anchor tenants in a shopping precincts in the suburb.
The project is RM Developments’ second project in the suburb—it is currently selling and about to start construction on Soho Sippy Downs, comprising four apartments and four commercial spaces on the corner of University and Peter Crosby ways.
RM Developments' previous projects include the $42-million Plaza Central, next to Sunshine Plaza in Maroochydore with 85 units and six commercial spaces.
The company is also working on an $80-million, 168-luxury townhouse gated community in Gladstone, an $8-million project in Tanby Heights in Yeppon with 32 lots, and a $25-million project in Somerset Park in Mackay of 120 lots and 90 townhouses.