The Entrance to become home to two multimillion-dollar developments
Father and son developers will transform a humble The Entrance avenue after the Land and Environment Court rubber-stamped approval of two multi million-dollar unit blocks.
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It took a trip to the Land and Environment Court to get them over the line but two multi million-dollar residential developments, containing a total of 99 units, are the latest landscape-changing projects approved at The Entrance.
Sydney solicitors Lou and son Mark Capolupo are behind the plan to demolish a collection of humble weatherboard homes on Ashton Ave and replace them with multistorey apartment complexes.
The pair’s plans include a $13.5 million 47-unit development at the corner of Ashton Ave and Oakland Ave (or Central Coast Hwy), as well as a $14 million 52-unit building to span 15A to 21 Ashton Ave.
Both sets of plans were submitted in February 2018 and after Central Coast Council failed to make a definitive decision on either project within a prescribed time frame, the plans were “deemed refused”.
This allowed the Capolupos to appeal directly to the LEC to assess the projects and after a period of conciliation, both the council and the developer came to terms. Commissioner Michael Chilcott granted consent to both projects on May 30.
At 15A to 21 Ashton Ave, apartments would rise six-storeys, and at the Ashton Ave-Oakland Ave site, the building would sit at five storeys.
Speaking to the Express Advocate on Friday, Ms Capolupo said the market would dictate when and indeed if, both projects would proceed.
He confirmed an intention to build the project at 15A to 21 Ashton Ave first. The Capolupo’s purchased four properties that make up the site for $1.26 million, as part of a multi-sale in September 2014.
The properties at 6, 6A, 8 and 8A Ashton, as well as 66 Oakland Ave, were purchased separately over a three-year period between 2015 and 2018.
Mr Capulopo has had a longstanding 30-year affinity with the northern suburbs of the Central Coast and is behind projects at Long Jetty, North Entrance and Lake Munmorah.
He said his family enjoyed the Central Coast virtually “every weekend” and The Entrance was due for its time in the sun.
“There’s potential there because it’s such a beautiful, beautiful spot, the people are friendly, the infrastructure is good, the restaurants are good,” he said.
“It was inevitable that we would put our money into a place we love.”
Ashton Ave connects The Entrance Rd to the Central Coast Highway in an east to west direction, and future residents would be just a short walk away from The Entrance town centre.
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Of the 99 apartments to be built, 16 would become one-bedroom units, 80 would become two-bedroom units and another 8 would form three-bedroom abodes.
152 car spaces, four motorcycle spaces and an area to accommodate 35 bicycles are also included.
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