Nowra’s loss is Wodonga’s gain with confirmation a major developer is pulling out of plans to redevelop the old Nowra Gateway Caravan park.
The Mosman Property Group purchased the van park to the south east of the Nowra Bridge in 2021 and submitted plans to construct a restaurant and hotel precinct sitting atop a levy bank overlooking the Shoalhaven River together with residential units at the rear of the site.
Mosman Property Group founder Nick Warden said ” We had decided to sell the site.
“Given the reconfigured road network around Pleasant Way resulting from the Nowra Bridge works and the delays in the rezoning process we have decided to sell the site as we don’t have an appetite to wait and we can pursue other development opportunities in Wodonga,” he said.
Mr Warden said, “The sale campaign will commence this week with an option to be held in approximately five to six weeks time.”
The development was at the gateway to the proposed Shoalhaven Riverfront precinct.
The initial plans for the Shoalhaven Riverfront development is due to be released for public comment by Shoalhaven Council on Tuesday 15 August 2023.
