The Sunshine Coast is seeking bids from developers to transform an old golf course the local council purchased at Maroochydore for $42 million into a new 50 hectare central business district.

Four years of planning by the SunCentral company launched by the Sunshine Coast Council and Queensland Premier Annastacia Palaszczuk has culminated in plans for 67,500 square metres of commercial space, 25,900 square metres of retail space and 1390 apartments along waterways.

SunCentral is also expecting to announce a university or college will be built on the site, with construction of buildings in the first stage to commence in mid-2019 and work on the council’s new nine-storey headquarters to start later this year.

SunCentral CEO John Kanggs said they are seeking private-sector firms to develop the next stages, and are particularly seeking expressions of interest for the next 15 hectares by the 30th of August.