Walker Corporation’s Maroochydore CBD office project approved

Work is only months away from starting after approval was granted for a more than $50m ‘signature’ building at the Maroochydore CBD. SEE THE PLANS

A major development firm has received the tick of approval for a luxurious office tower at the Maroochydore CBD expected to attract big businesses and government departments to the city centre.

Billionaire property mogul Lang Walker’s development firm Walker Corporation expects to start construction within months on its first office tower in the CBD.

The 15-storey building at 50 First Ave was expected to attract ASX-listed companies, as well as government, banking, insurance and technology sector tenants.

The proposal includes large, 1000sq m floor plates designed to lure in big business.

Walker Corporation has gained state government approval for its first major office building in the new Maroochydore CBD.

It would also feature an enclosed rooftop level, as well as a high-ceiling entry lobby and cafe.

Walker Corporation development and major projects director Peter Saba said the company was working on finalising detailed design work.

He said construction would start within the next few months.

“A competitive tender process for construction works will begin in the next few months and we expect to commence construction in the third quarter of this year,” Mr Saba said.

Walker Corporation chief executive Lang Walker. Picture: Toby Zerna

“Completion, with first tenants moving in, is forecast for the end of 2023.”

The major development company took on exclusive development rights of the 53ha CBD in November 2020.

The deal with Sunshine Coast Council was expected to inject $2.5bn worth of investment into the project.

Meanwhile the council is progressing work on its Maroochydore CBD chambers with the building expected to be completed by mid-late 2022.

The council recently called for tenders for furnishings for the building.