Pinnacle Buying up in Gosford

Sydney builder and developer Pinnacle Constructions has recently acquired three major development sites in Gosford with plans to move ahead with developing them in the short term.
With excavations complete and foundation now being laid for their Merindah Apartments project in Mann Street, Gosford, Pinnacle Constructions report that another crane will be seen on the Gosford skyline in the next month when construction moves into the next phase.
Merindah is a 140 apartment development over 15 levels with three levels of basement car parking and featuring a podium garden with fantastic water views for the use of residents.
Pinnacle have opened their Merindah display suite at 33 Mann Street which and will be the base for the company’s future marketing.
Meanwhile, over the past three months the Sydney based builder has added three high profile Gosford properties to its portfolio of development sites that will give it a pipeline of work for the next five years worth over $500 million.
Pinnacle Founder and Director, Joe Bechara said that Gosford offers some of the best water views and lifestyle opportunities in the state and the State Government now backing its revitalisation the city’s future is ensured. “This has given us the confidence to invest and make the Coast our future,” said Mr Bechara.
Mr Bechara’s buying spree has netted him some of the most talked about properties in Gosford.
Henry Parry Drive, Gosford.
Formerly the old Gosford Quarry site and in more recent years known as ‘the hole in the ground’ this site has the potential to be one of the most sought after developments with uninterrupted views of Brisbane Water when completed it comprises over 2,000 sqm site with Development Approval for 100 apartments was acquired by Pinnacle in June with the project to be marketed and re launched in the last quarter of 2018 subject to a final design review of the project with its stakeholders and Council.
Mr Bechara said that cleaning of the site and all overgrown vegetation is currently underway and said that “we are genuinely excited and committed to this development
John Whiteway Drive, Gosford
This property is right on the top of the hill overlooking all of Brisbane Water and Gosford and comprises some 9,500 sqm.
It was acquired with a current DA for 180 units but Pinnacle has lodged a new DA which it believes is more commercially viable.