The Parkside@Terrigal development Master Plan commences its 6-week public exhibition period today.
Created from a concept developed in conjunction with local developers Crighton Properties and the Universities of Sydney and Newcastle, Parkside@Terrigal is a proposed 145-lot home-based business residential estate located in Terrigal, adjoining the Stratford Park Estate approx 3km from Terrigal Beach.
An Australian first
The first of its kind in Australia, this home based business residential estate is proposed to operate on a high speed digital communication infrastructure backed by onsite business support facilities including meeting rooms, a café, catering facilities, clerical support and child minding facilities. The development will also incorporate a range of recreational facilities and provide additional public access to the adjoining Kincumba Mountain Reserve.
The estate is designed to offer opportunities for individuals to work from home (tele-commute) as well as to incubate (and/or sustain) small businesses of up to 4 persons. Each home will be equipped with a home office between 30 - 60m2 in size, from which the owners of the business will be legally eligible to employ up to two additional staff on site. With optic fibre cabling proposed to every property, the development will stand alone regardless of the status of the NBN rollout on the Coast.
Small business support
To assist in the growth of small businesses at Parkside, Crighton proposes to run onsite training sessions and establish a professional business networking group.
Economic Benefits to the Central Coast
Substantial benefits to the Central Coast region are anticipated both during the construction phase and on an ongoing basis.
637 full-time equivalent local jobs (1,105 nationally)
An anticipated economic benefit of $73m ($182m nationally)
Estimated ongoing benefits:
220 full time equivalent jobs within the development
$19m economic benefit annually ($49.7m nationally)
208 new Central Coast jobs (indirectly)
Since the master plan for the development was first lodged with Gosford City Council a number of years ago, there has been a significant increase to the proposed dedication of land to Council (under the Coastal Open Space System - COSS) from 18 hectares to 27.3 hectares. As a result, it is now proposed to develop 17.4 hectares, which is only 32% of the total 53.5 hectare Parkside@Terrigal site. The remainder of the site will either be dedicated to Council or held under a private conservation zone.
Support from local business sought
For more information or to voice your support for Parkside@Terrigal in helping to grow the Central Coast economy and reduce the need for commuting, visit www.crighton.com.au/parkside and click on the 'Support Parkside' button. Alternatively you can email firstname.lastname@example.org