Property Development

Retirement construction boom has residents sitting pretty

Written by The ReReport
As seen in the Source link, written by dailytelegraph.com.au on 2020-07-13 03:30:03

Heather and Terry Eames are waiting patiently for construction to finish on their new retirement village apartment at Maroochydore. Photo: Lachie Millard



Five vertical retirement villages are currently under construction across southeast Queensland and Sunshine Coast couple Terry and Heather Eames are waiting to move in to one of them.

The projects in Brisbane, Toowoomba, the Gold and Sunshine coasts are being developed by Aura Holdings, and all are on track for their completion dates despite the COVID-19 crisis which has created a challenging environment for the construction industry.

RELATED

Woollam Constructions chosen for golf retirement project

A sixth retirement project, The Atrium Lutwyche in Brisbane’s northern suburbs, was completed earlier this year and has 59 chic apartments with city views.

“It was a big decision to move, it came out of the blue,” Mr Eames said of the couple’s decision to buy a ground floor apartment in The Avenue Maroochydore.

MORE PROPERTY STORIES


“We are reasonably fit in our 70s, but we’ve had parents that we put into homes and had to run around after and we just didn’t feel that the kids should have to go through that.”


The couple will move into a two-bedroom apartment at The Avenue Maroochydore when the final stage four-storey building is completed at the end of the year.


“There’s doctors and shopping and restaurants. I don’t like shopping, my wife loves it, so guess what? I’m not going. I was a requirement but now she can walk.

“There’s a pub close by but I better not go there too often, and plenty of other things to do, a pool table and reading rooms, you can book a dining room for a party, and when we went over there to inspect the unit, a couple of ladies came out from Stage One to welcome us and we’ve made arrangements to catch up when we move in.”

LOOKING TO MOVE INTO A RETIREMENT VILLAGE? SEE WHAT’S AVAILABLE

The developments are part of $200 million worth of construction projects for the four-year-old development company, Aura Holdings, with co-director Tim Russell saying interest had remained high through the pandemic lockdowns.

QLD_CM_QBM_AURA_MARCH20

Aura Holdings directors Tim Russell and Mark Taylor. Photo: Mark Cranitch.


“Our residents have expressed their great satisfaction and appreciation of the support they received during the health crisis while many were able to live comfortably with their immediate needs met in their own apartments supported by their village managers, other staff and fellow residents,” Mr Russell said.

“At our villages, all the maintenance will be taken care of so residents can just enjoy their independent, relaxed lifestyle with support on hand if needed.’’



RETIREMENT PROJECTS UNDER CONSTRUCTION

The Pavilion North Kirra, 3 Lang St

First stage under construction, 75 per cent sold. Completion 2021.

An artist’s impression of The Pavilion North Kirra.


Somerset Indooroopilly, 293 Meiers Rd

First stage under construction, 40 per cent sold. Completion 2021.

An artist’s impression of Somerset Indooroopilly.


More from news

This is Australia’s hottest house right now
QLD Reds star James O’Connor on his new Brisbane home

Kingsford Terrace Corinda, 260 Cliveden Ave

Stage three under construction. One of the 10 apartments remain for sale. Completion early 2021.

Kingsford Terrace Corinda.


The Avenue Maroochydore, 32 Baden Powell St

Final stage under construction. Average of one apartment a week selling. Completion September 2020.


The Ninth Middle Ridge, Toowoomba Golf Club, 235 Rowbotham St, Middle Ridge

Stage one under construction with 85 apartments. Completion September 2021.

An artist’s impression of the Ninth Middle Ridge, Toowoomba.


The Atrium Lutwyche, 15 High St

Construction of 59 apartments completed this year. Residents are moving in.


Leave a Comment