Heading towards the northern end of the Gold Coast and there is plenty of development activity happening.
A major project is the $1.5 billion Pacific View Estate. This is to be developed between Highland Park and Worongary on a site known as the largest remaining development parcel on the Gold Coast in single ownership. The development code allows for 3,500 dwellings and apartment buildings up to eight levels. It will include a village centre, with residential, commercial, retail and open space.
Another potential transformation is Pacific City, to be developed in Norwell Valley, near Ormeau. The 4,975 hectares currently has over 200 properties with 70 owners; set for collective sale for the purpose of redevelopment. When it gets started, this project is expected to include up to 60,000 dwellings and the masterplan proposes six precincts, including employment, north, central, south, transit-oriented and flood/vegetation.
There’s a Costco set for Coomera, with a warehouse proposed for a 13,620m2 site at Westfield’s Coomera Town Centre. The project will include a warehouse and petrol station, along with a large car park.
For residential projects, Flow is a $74 million project at Rainbow Bay; while Monaco is planned for a site at Main Beach and there’s a new $77 million tower at Burley Heads called Natura.