COAST-BASED developers Sanad Capital have indicated a rough timeline for the start of construction on a new $400 million waterpark at Glenview.
Stage one of ACTVE Waterpark gained Sunshine Coast Council development approval last month.
Sanad Capital CEO Bradley Sutherland was not available for comment at the time but has since released a statement detailing plans for the park.
"We are very excited about receiving DA approval for the first phase of our project," Mr Sutherland said.
"We expect to break ground over the next few months and look forward to bringing this development into reality."
A company staff member was reluctant to answer questions directly on Friday morning but confirmed the company was aiming to "break ground" by about the middle of the year.
Mr Sutherland said stage one would consist of a state of the art waterpark, a great lawn for major events, concerts and community activities, an outdoor adventure park with activities including kayaking, bungee jumping, net climbing, flyboarding, segways and electric skateboard hire, stand-up paddle boarding and football.
It will be built over 14 hectares of the 25 hectare site.
"Phase 1 also includes a 6000sqm retail zone set to attract leading global brands and a superb choice of restaurants," Mr Sutherland said.
He said phases two and three of the project would be submitted to the council later this year.
"These include a four star, 225 room family hotel with conferencing facilities, an action sports precinct with world class facilities for skateboarding, BMX, parkour and more, and the much anticipated 'Wave Reservoir', another first for Australia and the Sunshine Coast."