Builder’s bid to secure Target site

Builder’s bid to secure Target site

CONSTRUCTION firm DZine is ‘close to finalising’ a deal to take over the beleaguered Target site in Ocean Grove.
The Presidents Avenue site – which has now been idle for six months – has been beset by delays since its inception.
However a spokesman for DZine told the Voice it was hoping legalities would be formalised in the next week.
So far three tenants have signed up to move into the new shopping complex called Ocean Plaza. They are Target, a Gloria Jean’s coffee shop and a pharmacy.
The whole project was originally set to be completed last month - but wrangles over power supplies stopped the project dead in its tracks.
The Dzine spokesman said it is now working to finalise control of the project from its client, the Marksx Property Group.
“Legally we can’t comment at the moment but basically it will restart, I can tell you that,” said the spokesman.
“Initially there were some power issues and those issues did resolve themselves and have been completed up to as far as they can be done. Beyond that the issues have been pretty well between ourselves and the client. The client has found himself where he can’t proceed at this stage and what’s going to happen is we’ve put in an offer to purchase it from him and complete the work ourselves.
“Until it’s finalised I can’t tell you 100 per cent that’s going to happen.
“We want it to go ahead simply because we’ve invested a lot of time and effort into what has occurred to date. We have made a fair and reasonable offer to the vendor, or the previous developer, to purchase it, and that’s been seriously considered and we expect to hear this week. We have given them very short settlement which will assist them and will assist us to get back onto site and get going with it,” said the spokesman.
The spokesman said they had all the precast panel made back in May.
In the meantime local concerns about obstructed views coming out of the Parade onto Presidents Avenue have prompted Ocean Grove Community Association to urge a change in the speed limit to 40kmh and perhaps the removal of work huts until construction resumes.

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