Read the published article Here
and Here
The eagerly-awaited delivery of PARC, a landmark commercial/hospitality project by Sydney-based developer Sammut Group in partnership with Alceon Group, is officially underway following a formal ground-breaking ceremony signalling the start of construction.
The $65 million development, designed by Innovate Architects, comprises seven storeys with a two-level multi-venue hospitality space soon to be operated by Feros Group and five levels of commercial space with suites ranging in size from 200sqm to 700sqm. A further floor will be transformed into a co-working space operated by Sammut Group.
Located at 138-142 Cronulla Street, PARC will take full advantage of its park-side location, with various suites at all levels taking in green views over the open space.
Sammut Group Chief Operating Officer Julian Sammut says PARC is delivering a much-needed level of commercial office space to the area and further demonstrates Sammut Group’s long-term commitment to Cronulla.
“Cronulla is our home and we feel a strong sense of responsibility to elevate the area, by providing a portfolio of premium offerings where people can live, work, and play,” says Julian.
“Along with our other new projects, including VUE and SALT, we are proud to be making a positive contribution to the fabric of our community.”
Highland Chief Executive Officer David Highland says a shortage of high-quality office space in the Sutherland Shire saw all five floors of commercial space in PARC sell out within a week of being released.
“We were thrilled to achieve a 100% sell-out off-market – without any advertising at all – which just shows the growing demand post-COVID for established businesses to operate in the Cronulla district,” says Mr Highland.
“Sammut Group identified a void in the commercial office space market and they’ve catered very well to that shortage. There’s no office space getting built in Cronulla outside of what Sammut Group is doing in PARC and their mixed-use development, VUE.”
One of the first companies to move into PARC will be MODUS, a large-scale national building contractor, which has secured two floors in the building.
“We believe it will be the best commercial building in all of southern Sydney and it will become Cronulla’s corporate hub,” says Mr Highland.
“You’re looking at the water on both sides of the building – Gunnamatta Bay and South Cronulla Beach. Where else can you walk out of the surf, straight up to your office, have a shower and start work?”
Downstairs will be occupied by PARC Pavilion; a two-level multi-faceted hospitality space run by the Feros Group.
After partnering on SALT in South Cronulla, Sammut Group appointed RAW Constructions as the builder for PARC.
RAW Constructions Director John Khouri says his team is excited to be part of such a transformative project.
“We’re really pleased to work again with Sammut Group on a project that’s going to inject new life into the community,” says Mr Khouri.
“We know that Sammut Group shares our commitment to producing high-quality developments and we’re looking forward to delivering an incredible project to Cronulla.”