The proposed development of Apperly Village, just west of the existing Newcastle Golf Course Clubhouse and carpark, and on the 18th hole, is for 172 homes, a community centre and recreational amenities.
“The club’s long trading history demonstrates it is not generating sufficient revenues to renew its infrastructure and be sustainable in the long term,” the application to Port Stephens Council states.
The 6.7ha course in Fern Bay, 173km north northeast of Sydney, has frontage on Nelson Bay Road and was identified by Port Stephens Council as a site for residential development. The club signed a preliminary agreement with Principle Living in May 2019.
Principle Living is a joint venture of the McCloy and Stevens Groups to own, develop and operate retirement villages. The first Principle Living retirement village was a $45 million project to build 100-independent living villas at The Bower, a residential subdivision launched in Medowie in 2016. Stonybrook, 160-manufactured home estate in the McCloy Group's Heritage Parc in Thornton North, worth more than $13 million, has been approved by Maitland Council.
A $50 million, 105-home retirement village is planned for the Stevens Group’s estate, The Vintage, in Pokolbin.
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