Two towers containing retail, commercial and residential components have been proposed for the former Shoalhaven Tourist Information site.
To be known as the Nowra Gateway, it is understood the high-profile block on the corner of the Princes Highway and Pleasant Way, also home to the historic Graham Lodge and the Iroquois navy helicopter [which is not part of the land sale] has been sold to Sydney group, Asset Group Solutions, for between $2.5 and $4 million.
The 8122 square metre site just south of the southern Shoalhaven River crossing is set to be transformed, with two towers, one six storeys and the other four, containing retail, commercial and residential components.
The former tourist information building, once home to the Nowra Bomaderry Leagues Club, will be demolished. The historic Graham Lodge will remain and be totally refurbished before being given back to council as part of the deal.
The four-storey northern building will contain retail, commercial and residential components to allow deep penetration of sun and light by the six-storey southern building which will have retail and residential.
The plan explains Shoalhaven City Council’s recent move to increase the height limit in the Nowra CBD to six storeys.
There is also a proposal for a cafe-restaurant area.
Between the two buildings there are plans for a landscaped public space, with the potential for a range of community engagement and commercial possibilities.
In the proposal and concept drawings, Sam Romanous Architects say the activation of the space would create a public square, facilitating a vibrant and activating gateway to Nowra.
But if the sale goes ahead, by the timeline the South Coast Register has seen, construction is not expected until 2020 and could then take 18 months to two years to complete.