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Click here for the Varsity Lakes Development Update Fact Sheet
Delfin launches stage 1 of $100m waterfront shopping and residential village at Varsity Lakes
Delfin Lend Lease has announced stage 1 of a $100 million mixed use waterfront village, South Bay, to be developed in the booming Varsity Lakes.
Stage 1 consists of a three level, $34 million retail, commercial and residential development on the eastern bank of Lake Orr.
Buoyed by a strong demand for more retail, commercial and residential space, South Bay will be home to waterfront living, shopping and dining at Varsity Lakes, and will deliver a ‘destinational village heart’ on the water’s edge, offering more than 3,000sqm of space for waterfront dining, stylish retail shops, cafes, convenience stores, commercial space, and 20 north-east facing waterfront apartments.
Varsity Lakes Senior Project Director Carl Bruhn said the design of stage 1 at South Bay ensures it will be a vibrant destination by integrating boutique retail and gourmet alfresco dining, stylish apartments with an exclusive lakeside lifestyle. The lake front dining will be connected by a pedestrian bridge to ensure a steady flow of people throughout the village.
All dining venues will have views to Lake Orr and the majority of retail spaces will face the busy Christine Avenue which has recently included a four lane extension. A boulevard from Christine Avenue will connect visitors to the Lake Orr pedestrian bridge, ample car parking, the cafes and restaurants and the residential offerings of South Bay.
The investment in retail and commercial amenity is driven by the rapidly growing catchment surrounding the site. South Bay is a central location that captures almost 12,000 residents in the wider Varsity Lakes area and an additional 45,000 from the surrounding suburbs of Robina, Burleigh Heads, Burleigh Waters and Reedy Creek. These population numbers are set to dramatically increase through significant development either planned or under construction within the immediate region.
As well as connecting with the community’s 20 kilometre hike and bike network and village parks, South Bay will also provide unparalleled access to Lake Orr and the future Sports House multi-purpose community facility, giving the village a distinct aquatic-recreational feel.
“South Bay will become the heart of Lake Orr which is already home to regular rowing, sailing and canoeing regattas,” Mr Bruhn said.
“Based on the last 2 years alone, over 5,000 people a year are anticipated to participate in events on the site which brings life and vitality to the foreshore. In addition, significant spectator numbers are predicted to watch these events.”
Mr Bruhn expects South Bay will draw strong interest from a diverse range of retail operators due to the strong demand for retail and convenience stores, complemented by the wealth of infrastructure already invested to support the booming local business community and existing catchment.
“Delfin Lend Lease’s strong commitment to infrastructure and community development within Varsity Lakes continues to be a major draw card for businesses either starting up or relocating to the area,” Mr Bruhn said.
Leasing agent Colliers International Commercial Agency Director Leonie Smith said the South Bay development offers a rare and exciting business opportunity in a high profile waterfront location with a number of retail spaces available overlooking Lake Orr, in addition to the high visibility of tenancies to busy Christine Avenue.
Featuring stylish and contemporary architectural design with a strong coastal Australian feel, the South Bay mixed use village has been designed to enhance the lakeside vistas and complement the sense of belonging in the Varsity Lakes community.
South Bay will ultimately provide more than 150 homes and apartments wrapping around the stage 1 village centre cafes, shops and offices all centrally located on the magnificent 80 ha Lake Orr.
Varsity Lakes is being developed by Delfin Lend Lease, Australia’s largest developer of master planned communities, with 24 projects nationally.
For further information, interviews or images please contact:
Abbey Trueman, Marketing Services Manager, Delfin Lend Lease, (07) 5501 8254 / 0409 471 457
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