Grant Thornton is seeking a development partner to complete a $170 million eco village at Foster, on the New South Wales Mid North Coast.
Bank of Scotland International appointed the receiver.
The former joint venture partner, Babcock & Brown, pulled out.
The proposal is for 316 dwellings – including in six apartment blocks, each of five storeys.
It will also contain standalone homes.
The land fronts The Lakes Way on Seven Mile Beach.
Grant Thornton’s Trevor Pogroske said “at this stage we are engaging with a number of consultants to determine the best way forward”.