A YANCHEP developer has released artist’s impressions of its vision for a $100 million coastal precinct replacing Club Capricorn Resort.
Capricorn Yanchep developer Acumen Development Solutions yesterday released images showing its plans for the beachfront area previously occupied by Club Capricorn Resort, which closed in July 2015.
Project director Jarrod Rendell said the Capricorn Beachfront foreshore development would transform 12ha into a lifestyle destination.
“The City of Wanneroo and the WA Planning Commission have already approved the local structure plan for a mixed use development including single residential, medium density residential, retail and commercial, and a dedicated tourism site for a short-term accommodation facility,” he said.
“More than $100 million is expected to be invested in this visionary coastal development over a period of 10 years.
“The developer’s proposed vision for this coastal precinct includes a 1.5ha beachfront foreshore park with district level facilities including a large children’s playground, grassed and terraced picnic areas, shade shelters, changerooms and toilets, as well as car parking and multiple beach access boardwalks.”
Mr Rendell said they expected to spend more than $2.5 million on the foreshore park, and would retain most of the mature trees and existing contours of the land.
“A focal point of the beachfront precinct will be a proposed tourism accommodation facility providing around 100 rooms covering hotel and family style accommodation, as well as restaurants, cafes and multi-use facilities for weddings, conferences and other events,” he said.
Mr Rendell said they expected to start initial works within 18 months, and were currently selling residential lots 500m from the foreshore development.
The developer received approval for demolition works at the former resort in May this year, which were expected to take about three months to finish.