Sekisui House has announced it will take control of the residential project and accelerate the building of 448 new houses, apartments and terraces at Hyatt Coolum.
Lend Lease, the company that originally owned all of Hyatt Coolum, will still have a 50% share in the resort and manage the residential development.
David Hutton, head of development at Lend Lease, said there would be no changes to the operation of the resort or its brand.
The development of a new Hyatt residential community was controversial when it was approved by Maroochydore Shire Council in 2006 and attracted more than 3500 objections.
Under the plan, 448 new dwellings will be built on a 150ha patch of Hyatt land, most of which is near the beach at Coolum.
Sekisui will take control of the land and start design work on individual housing in the coming months.
Mr Hutton expected construction to start by March next year and said there would be no changes to the approved master plan.
The development will include a range of different housing types including freestanding homes, terraces and apartments.
The majority will be low and medium density housing with some areas planned to be high density.
Once the proposed 448 new dwellings are completed, Mr Hutton said there would be an injection of more than 1000 people into Coolum.
Find the full story at Sunshine Coast Daily
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