57-unit retirement village project scrapped on the Gold Coast

The 6,412sqm canal front site of the Sorrento Quays retirement village in the upmarket suburb of Sorrento is back on the market after the developer called off the project, according to the Gold Coast Bulletin. Developer Mark Howard had splashed over $7 million for seven individually-titled houses last year after releasing plans in 2015 for 81 apartments in a three-storey building that fanned around the head of the canal. But in 2016, he dropped the number of units to 57 and the building height to two storeys before abandoning the plans. The new marketing campaign, led by CBRE’s Lachlan Harris, comes at a time of increased demand from providers on the Gold Coast.