Summerset has purchased land to build its ninth retirement village in Auckland and its first in the East Auckland area.
The 2.8ha site is located off Thurston Place and is near the Half Moon Bay Marina.
Planning of the village is underway and will include independent living apartments ranging from one to three bedrooms, serviced apartments and care suites offering rest home and hospital care.
The village will also include a memory care centre for people living with dementia, featuring an industry-leading design.
It is estimated that the total investment in the village will be around $300 million.
Summerset CEO Julian Cook said Summerset was delighted to be expanding into a new area of Auckland.
“The new village near Half Moon Bay Marina will be close to a range of amenities and dining options, as well as ferry services to the city and Waiheke Island, so it’s a great location for us.
“We already know there is a lot of interest in the high-quality homes we offer at Summerset villages and a particular shortage of quality villages in this location. We’re looking forward to bringing Summerset to East Auckland,” said Mr Cook.
“The format for this village will be apartment living, as is quickly becoming the norm for urban sites in Auckland.
“It means we can make best use of the land available and take advantage of stunning views from the site. Upper floors will have west-facing views across Half Moon Bay, towards the city and out to the Waitakere Ranges.”
Mr Cook said the number of people aged 75+ was forecast to increase steadily in the east Auckland area.
“Our research estimates there are currently 8000 people in the 75+ age group in that part of Auckland, and the number is set to rise by 56 per cent in the next eight years.”