Chamber foreshadows Ettalong 'resurgence'
The Peninsula Chamber of Commerce is foreshadowing a "resurgence of the Ettalong Beach town centre after decades of hard work to encourage investment and growth".
"Its been a long time coming, but finally Ettalong Beach has found its feet and is looking forward to a raft of new investment in mixed use and residential development", said Chamber president Mr Matthew Wales.
"We have been working closely with the both the former Gosford City Council and now Central Coast Council to create an environment where property owners and investors have sufficient confidence to redevelop some of the best beachfront commercial land on the Central Coast.
"With the completion of the Atlantis Apartments on The Esplanade and construction of the new five-storey residential complex on the old Centrelink site in Ocean View Rd, we are seeing a town transformed.
"It is vitally important for our centres to revitalise and renew lest they fall into decline like so many other locations across the region", said Mr Wales.
"The Chamber is also excited that Mars Group will be commencing the new five-storey 84 room hotel complex early next year in Memorial Ave behind the Atlantis Apartments which will provide additional high quality visitor accommodation and provide a further boost to local retailers.
"There are other great mixed use developments on the drawing board for Ettalong Beach which will deliver new residential and retail floor space that will encourage people to live in town and strengthen the local economy.
"Much of this growth and investment is being driven by young cashed-up families who have seen the Peninsula as a great place to live and bring up their families just as our parents did many years ago.
"NorthConnex and improved rail services to Sydney are also encouraging people to move to the Peninsula as access to the metro area becomes easier.
"It's important to encourage the younger demographic who have a broader disposable income base and inject fresh ideas into our local community", said Mr Wales.
"The Chamber estimates that new development in the town centre will inject nearly $200M of investment into Ettalong Beach with the potential to create up to 250 new full time and part time jobs.
"The business community will continue to work closely with Central Coast Council to ensure that development approvals are delivered in quick time so that Ettalong Beach can continue to prosper", said Mr Wales.
Media release, 2 Apr 2022
Matthew Wales, Peninsula Chamber of Commerce