JOHNSON Property Group said the ongoing assessment by authorities of its proposed helipad at the Trinity Point marina was not slowing progress at the Morisset Park site.
The development company is seeking state government and council approval for the helipad, which would be a key feature of the $388-million project.
But while the developer awaits decisions from the Department of Planning and Environment on its modified concept plan, and from Lake Macquarie City Council on an environmental impact statement (EIS) for the helipad, it was business as usual, JPG’s development director Bryan Garland said.
“The applications for the helipad continue to progress with government, but the helipad is definitely not holding up any part of the project,” Mr Garland said.
He said about 70 of the 105 lots of residential land at the site had been sold, and were fetching record prices.
“We are very happy with how Trinity Point is progressing. All of our residential land has now been constructed, subdivided and registered.
“We continue to have really good enquiry, and continue to turn our land sales over.”
Lots were selling for between $438,000 and $1.9 million, he said.
“That not only helps Trinity Point, but all local land sales around the bay by increasing land values.
“With the prices we’re asking for, and getting, we’re happy with how it’s progressing. We have also completed construction of eight terraces on the site, and six of those have been sold.”
The terraces start at $1.288 million, and one is owned by former Australian Test cricket captain Michael Clarke.
“We have also just received council approval to construct a further 12 terraces on site,” Mr Garland said.
“Completion of the marina access road and marina car park are the next works scheduled, and contractors should be back on site reasonably soon.
“And we’re busy working in the background on documenting up the hospitality component of the site which, as you can appreciate, takes time to prepare.”
Mr Garland said JPG was also fielding interest from potential joint venture partners for its Pullman hotel, and was hoping to make an announcement on that soon.
Resort already winning awards
THE hotel component of the $388-million Trinity Point development at Morisset Park hasn’t been built yet, but already it’s been declared world class.
In December, Trinity Point Resort and Marina, and Squillace Architects, received the award for Best Hotel Architecture in the Asia Pacific Region, at the International Property Awards. The hotel had earlier won for Best Hotel Architecture in Australia.
Judges noted the project “includes a 188-berth marina with lounge and chandlery, a hotel with business centre, a spa and gym as well as serviced apartments managed by the hotel. Additional facilities are a tourist reception, 200-seat restaurant with an extra 200 outdoors… and a public foreshore boardwalk surrounding the entire development”.