The site of the proposed Sorrento Quays retirement village (pictured) is now for sale after the developer pulled out of the project.

The land had once been earmarked for an over-70s apartment project by developer Mark Howard with over $7 million paid last year to secure seven houses to create the block next to the Sorrento Village shopping centre.

Mr Howard released plans in 2015 for 81-apartments across a three-level building to fan around the head of the canal.

But after reducing the number of units to 57 and building levels to two last year, he scrapped the plans.

The marketing campaign, led by CBRE’s Lachlan Harris, Chris O’Driscoll and Phil Smith, comes at a time of growing interest from village operators and aged care providers on the Gold Coast.

Aged care provider Regis just paid $12.1 million for a beachfront block in Palm Beach.