NEWS

View the latest news from Ron Bakir and Homecorp Property Group.

$500m Pineapple Patch project will feature display village

The company responsible for developing the Yeppoon Pineapple Patch into a $500 million residential community will create its own display village of homes.

About 15 to 20 homes will be built to showcase a variety of options on offer for future residents.

Ron Bakir, CEO of Gold Coast-based developer Homecorp Group, said the work was not far away.

"We are finalising all the bits and pieces and will be going ahead shortly," he said.

"It's going to be a magnificent precinct for the area.

"The community will love it and will aspire to live there."

Mr Bakir dismissed any suggestion they did not have finance for the project.

The Pineapple Patch is broken into three stages.

Homecorp is developing the residential stages of the project, known as The Pines, while Livingstone Shire Council owns the adjoining industrial area.

Livingstone Shire Mayor Bill Ludwig said council's plans for the new Capricorn Coast Industry Park were progressing well.

"From council's perspective there is no great rush to develop the whole 55 hectares as the industry park was a long-term investment."

"It is important however that we do get Stage 1 which comprises 13 medium to large size lots under way to meet expected market demand."

Cr Ludwig said council anticipated having the first industrial lots ready for purchase by public tender within the next six months.