Palmer set to unveil the $150m Coolum major renovation
Clive Palmer is set to unveil a controversial $150m major renovation almost a decade in the making.
The mining-rich lister is nearing the tail end of one of his longest-running property sagas, pouring an estimated $150m into bringing a crucial mixed-use development on the Sunshine Coast back to life – his Palmer Coolum Resort, formerly the Hyatt Coolum Resort.
The redevelopment which has been through multiple changes to plans over the past decade and multiple disputes will see an estimated 380 villas, residences, studio units and residential allotments available in one of the most beautiful parts of Queensland.
It will also have resort facilities, buggy pathways for golf and residents to get around easily, as well as cycling and walking paths leading to the beach.
Insiders say the upgrades have been “massive” on the estate, though Mr Palmer is yet to decide whether his Coolum investment will be reopened in one go or if it will be released in stages.
The property was closed in 2015 and fell into disrepair, with several disputes arising with villa owners and others before Mr Palmer began a major development of the site in 2021.
Clive Palmer lodges plans for car museum at Coolum golf course
Clive Palmer to spend $100 million on Coolum Resort redevelopment
