Rise to inject $71 million into economy
Written on the 7 April 2009
A PROPOSED $1.3 billion master-planned community on the former Terranora Lakes Country Club site has been awarded major project status by the NSW Government.
The revised plans for the 184ha site at Bilambil Heights have been unveiled with new development Rise, to include an integrated residential, retirement, tourism, retail, commercial, education and arts village.
More than a third of the site will remain environmentally protected with the major project status ensuring that strict conservation principles are applied.
The development will take 10 to 12 years to complete with an eventual population of around 3500 residents. There will be a community title scheme arrangement to allow all facilities to be available to residents, guests and locals.
An analysis by the independent Tweed Economic Development Corporation estimates Rise will generate more than 1300 jobs when completed and inject $71 million annually into the local economy. It will also provide a major economic boost during construction.
The developer, Terranora Group Management (TGM), says the master plan followed several years of intensive redesign and the abandoning of plans announced in 2001 for a luxury Sheraton-managed resort complex and golf course on the site.
Director Steve MacRae says the decision to build a master planned urban community rather than a resort followed an extensive review of the initial plans.
“This unrivaled hilltop site, 217m above sea level and 7km from Tweed Heads, provides a perfect position for an urban community which meets the needs of locals, promotes modern design and is sensitive to the environment,” says MacRae, former development director at the Salt Village and Koala Beach projects on the Tweed Coast.
The Rise project team also includes multi-award-winning master-planner Brian Toyota of ML Design, responsible for the designs on Sanctuary Cove, Casuarina Beach and Salt masterplans as well as major projects in South East Asia and the United Arab Emirates.
Extensive public consultation will now be undertaken to seek comment from the surrounding community.