Construction boom in Gosford heralds’ population boom
While the rest of the Central Coast languishes, Gosford is undergoing a construction boom with 18 cranes operating on sites within a kilometre radius of the CBD.
The number of cranes in an area is an indication of the state of the construction industry’s workload in each location and the economic benefits they bring.
Food businesses in Gosford are reporting strong sales from the large number of workers on these sites.
Additionally, these projects will see over 1,400 new residential units and more than 3,000 people living in Gosford.
Late September saw ALAND erect the second crane on their Archibald project on the corner of Donnison and Mann Streets in Gosford.
ALAND’s cranes are two of the world’s most technologically advanced cranes that now dominate the Gosford skyline as work continues ALAND’s $375 million Archibald by ALAND project.
The cranes, specially imported from Italy, will remain on-site for the next fourteen months as the two Archibald towers take shape.
The mixed-use development is set to transform Gosford, with 323 residential apartments and penthouses, a 130-room hotel and multiple food and beverage outlets, including a SkyBar and Lounge on Level 28.
ALAND CEO George Tadrosse, said. “Buyer interest in the development has been extraordinary, with two-thirds of the apartments sold since designs for the project were unveiled to the public earlier this year. The arrival of the cranes is creating even more interest in Archibald.