newy.com.au – The estimated development cost of the Trinity Point resort and apartment project has fallen by more than $200 million under revised plans lodged for the Morisset Park waterfront site.
Johnson Property Group’s new application puts the development at $463 million, down from the $665 million estimate attached to plans approved last year. The reduction is the largest financial change to the proposal, although the revised design would include more hotel rooms and allow its six waterfront towers to rise by up to three metres.
The previous detailed development application, which included 153 hotel rooms and 160 residential apartments, received planning approval in August 2025. Johnson Property Group has now returned with a revised proposal for 172 hotel rooms and 131 apartments, replacing 29 apartments with 19 additional hotel rooms.
The estimated development cost recorded through the planning process is not a final construction contract or guaranteed expenditure. However, the change lowers the stated value of one of the largest private developments proposed in Lake Macquarie by about $202 million, based on the rounded figures published for the two applications.
Lake Macquarie City Council has placed the revised plans on public exhibition until September 4.
The proposed height increases are intended to allow shallower basement excavation beneath the six curved towers. Parking inside the hotel and residential buildings would also fall from 614 spaces to 491, a reduction of 123 spaces.
Johnson Property Group has separately lodged a modification for a six-storey car park, which the council says would maintain the parking-space ratio provided under the earlier design. That application is expected to be placed on exhibition in coming weeks and will be assessed separately.
The latest plans follow a state-significant concept approval that established the planning framework for the site. However, the revised detailed application will not be determined solely through the NSW state-significant development assessment system.
“The Concept Approval appointed Council as the delegated authority to assess and determine the development application,” council development planning and regulation director David Antcliff said.
“This is one of the most significant proposed developments in our city’s history, and it reflects the continued growth and appeal of Lake Macquarie.”
The wider Trinity Point precinct, on the southern end of the Morisset Peninsula, already includes a marina, the 8 at Trinity restaurant and surrounding residential development.
The revised resort and apartment scheme remains subject to assessment. Its lodgement does not provide construction approval or establish a starting date.
Residents can make submissions on the hotel and apartment plans until September 4, with a separate opportunity to comment on the proposed multi-storey car park once that application is placed on exhibition.
https://www.planningportal.nsw.gov.au/major-projects/projects/trinity-point-mixed-use-development
