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$350m mixed-use development announced for VIC's surf coast

Projects

cape-otway-road-australia-project.jpg
Posted by Monica Gameng

Plans of a $350 million tourism, sports, retail and residential development has been announced for Victoria’s surf coast.

The vision for the Cape Otway Road Australia (CORA) project is to attract international elite sports clubs to the development’s training facilities and to serve as a tourism and accommodation hub for visitors to the Twelve Apostles on the Great Ocean Road.

The consortium behind this project includes:

  • Construction firm, Multiplex
  • Accounting and consulting firm, EY
  • British firm, ProLeisure
  • Consultancy firm, MediaCom Sport & Entertainment

The proposed development is going to be located at Modewarre, approximately 100 kilometres from Melbourne and 27 kilometres from the Great Ocean Road. CORA will be occupying over 240 hectares of land, which includes 80 hectares to be set aside for conservation.

CORA-illustration.jpgSource: Cape Otway Road Australia

The project will include facilities that will cater to various sports as well as four and five-star hotel accommodation for athletes and tourists, a retail village, and a tourism precinct for Great ocean Road visitors. A wave pool and an organic farm that will provide produce for restaurants on-site are also included in the plan.

Other features of the development will include a bakery, micro-brewery and fresh-food hall as well as an arts hub that will have a design studio and art gallery.

“Our research has provided validation of the global need for a state-of-the-art facility in Australia that can match up to, and surpass, existing global offerings,” MediaCom Sport & Entertainment worldwide chair Jane Ratcliffe said.

The CORA project is expected to create up to 1,000 jobs during construction as well as 500 direct and ongoing positions once operational.

The consortium is looking to begin construction in 2018.

What do you think of this new development for Victoria's surf coast? Share your thoughts in the comments section below.

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Source: Australian Financial Review

Monica Gameng

Monica Gameng

As PlantMiner's Marketing Assistant since 2015, Monica is responsible for researching and sharing new and progressing projects within the construction and mining sectors in Australia. It's no surprise that Monica has her finger on the pulse of Australian major projects given she has produced more than 1000 posts. She truly is an industry expert. Monica's passion for educating and inspiring readers saw the PlantMiner blog recognised by Feedspot as one of the Best Australian Construction Blogs in 2018 and 2019. PlantMiner is Australia's largest online construction marketplace. Sign up as a vendor to find and engage with civil and commercial contractors across Australia. Alternatively, if you're looking for plant and equipment you can compare equipment and subcontractor quotes from vendors near you in just a few steps.