THE Hunter and Central Coast Regional Planning Panel, with MidCoast Council’s support, has approved the Parry’s Cove development by Sheargold at Tea Gardens.

After receiving State Government approval back in early 2019, the Development Application was lodged with MidCoast Council in October 2019, and construction anticipated to commence mid-2023.

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The Parry’s Cove project takes its name from the local area’s deep history and distinct landscape.

Sir William Edward Parry and his wife Lady Isabella Louisa Parry were outstanding pioneers of the area who contributed greatly to the community.

The initial approval will deliver the following to the community of Tea Gardens: 559 residential lots in fourteen stages, over 114 hectares of conservation area, a residents’ multi-purpose building known as the ‘Hub’ with adjoining playground and tennis courts, a Wellness Centre with 25m indoor swimming pool, gym, and studio, two new parks and a combined 19 kilometres of footpaths and cycleways and new roads and associated drainage and landscaping works.

Sarah Thompson of Sheargold Property Developments Pty Ltd is excited for the future of the development.

“It is envisaged the entire Parry’s Cove Community will deliver approximately 900 dwellings once approval is obtained for a further two stages and plans are submitted to MidCoast Council for a diversity of housing choices across the site,” Ms Thompson said.

The project is expected to inject over $840 million to the economy, generate approximately 1,900 construction jobs in ten years of development and provide a net increase of approximately 560 jobs for local residents.

Managing Director of Sheargold, Michael Sheargold said, “There has been a significant investment of both time and resources to achieve this milestone for the Parry’s Cove project.

“Whilst we are unfortunately not as progressed with Parry’s Cove as we initially anticipated, some eight years into our carriage of the project we look forward to commencing delivery of a high-quality community to complement the natural beauty of the area.”

Sheargold Group intends to commence construction on the first stage of Parry’s Cove in mid-2023, once construction approvals have been obtained.

The first stage will include residents’ facilities, a sales and information centre, display village and approximately 40 residential lots.

News Of The Area will be bringing you updates on the development as it progresses.

By Tara CAMPBELL