This is not a surprise. The development was not in a great location, a walk up the hill from Hastings Street. The pool area is unimpressive. Most of the rooms look at an internal driveway, or scrublands. No ocean views here. See this review. The price was about $550,000 to $700,000 for a one bedroom apartment with no view.
Viridian is managed by Outrigger, and was developed by Leighton and Macquarie.
Other recently failed Noosa projects include: Elysium Noosa, Noosa Sanctury, Noosa Northshore, Noosa Beach Road (selling well below list price) and Noosa Firstlight. See SmartCompany.