In August 2011, the State Government announced approval of a $20.3million funding strategy for Stage 1 of the proposed Bunbury Waterfront development. This stage is referred to as Koombana North (Stage 1A) and Marlston North (Stage 1B).
The first site to be developed under the proposal is Koombana North, a total 1.3ha area located right on the Koombana Bay waterfront between Koombana Drive and Holman Street. This location is also one of two main gateways into the CBD.
Structure Planning for Koombana North allows for 5 buildings, between 4 and 6 storeys, which will offer a mix of apartment living on the upper floors and retail/hospitality/commercial space on the ground floor.
With landscaping of the adjoining foreshore now complete and offering improved public access to the ski beach together with new viewing platforms, a boardwalk and grassed bbq area, LandCorp has released the first lot in the project area to market under an Expressions of Interest process.
Lot 1 Koombana North is the project's signature site. At 1,150sqm it is also the largest site in the development. With every apartment and most businesses to enjoy sweeping water views forever, Lot 1 represents a prime opportunity for private developers to make their mark and create a bold new entry statement to the city of Bunbury.