Tea Gardens: Parry’s Cove $100m residential plan expected to start late 2021
A 725-lot residential development to be built on the banks of the Myall River will create thousands of jobs and inject more than $770 million into the local economy, its developer says.
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Close to 1000 families will call a new $100 million Tea Gardens housing estate home in the next decade as plans firm for construction to commence late next year.
The brand new 725 residential development, called Parry’s Cove, will be built on the edge of the Myall River surrounded by 100ha of natural bushland.
A Mid-Coast Council spokeswoman said it is believed the proposal by Sydney-based developer, Sheargold is the “highest value single DA lodged for the Tea Gardens and Hawks Nest area”.
An independent economic study commissioned into the project revealed that it is expected to generate 1841 construction jobs over the next 10 years, and 704 local resident jobs.
The project is expected to boost the Tea Gardens-Hawks Nest economy by $774 million.
Sheargold Managing Director, Michael Sheargold said: “We are one step closer to our vision of providing a high calibre coastal community that we hope enhances the quality of life for future and existing residents”.
Residents will have access to a range of on-site features including a purpose built ‘Wellness Centre’ that will include a state-of-the-art gym, a heated indoor pool, Yoga and pilates studio.
A ‘Residents’ Hub’ will also be built, featuring a large indoor-outdoor space that will be the central community meeting area.
A commercial grade kitchen, barbecue facilities, Bocce court, community veggie patch, movie screen, outdoor fireplaces, expansive decks and covered lookouts will look out over a lake.
Multiple parks and laneways will create a connected and walkable streetscape to encourage residents and the broader community to enjoy the 100ha of natural bushland setting.
A shopping precinct and medical facilities will be located at the entrance to the project. It will include a Coles supermarket, banking, bakery, post office, wine shop, fashion outlets, a cafe, pharmacy and Ochre Health Medical Centre.
Mr Sheargold said the development’s name derives from early pioneers Sir William Edward Parry and his wife Lady Isabella Louisa Parry who were great contributors to the community.
It is one of a number of landmark developments in the Sheargold Property Developments’ stable.
Mr Sheargold says it is their vision to create inspiring spaces through the projects they deliver.
Major current or recent past projects include the award-winning Vista Park master planned community in the West Dapto release area, Sussex Inlet Golf Village, a master planned golf course community, Forest Grove estate at Kanahooka, and the suburb of Cordeaux Heights in Wollongong.