FIFTY villas in the new Aveo Newcastle retirement village at Shortland Waters will be completed by next month, as the company seeks to bring forward work on the next stage of its development.
The aged-care giant says its Shortland Waters Golf Club redevelopment’s first 50 villas, collectively worth $24 million, have been reserved by tenants eager to move in as early as late July.
The company has submitted its 45-villa second stage to Newcastle Council, and it will be subject to approval by the Hunter and Central Coast Joint Regional Planning Panel.
Aveo executive general manager for developments Gary Kordic said prospective buyers flocked to a recent open day.
“Stage one of the project is already completely reserved, and remarkably around 70 per cent of the interest has come from people living within 5km of the community in suburbs like Maryland, Mayfield and Cameron Park,” Mr Kordic said.
“The remainder of prospective residents come from the broader NSW region, in towns such as Lake Macquarie, Coffs Harbour or Taree.”
Two-bedroom villas will start from $375,000 and include parking for golf carts.
The village’s first stage also includes upgrades to the Shortlands Waters Golf Club, including a new clubhouse due in September, and seven new golf holes due in mid-2018.
Aveo says it will reveal a “world-class” community centre with health, function and lounge areas to the public in October.
The company says its Newcastle development is valued at about $220 million, a previously unreported figure.
Mr Kordic told the Newcastle Herald “that will be the end value” of the project’s intended four stages.
The golf club’s board has hailed the 300-villa development as a godsend, after damage to the course in the April 2015 storm left it in a “dire” financial predicament.
Despite Aveo’s insistence that construction is ahead of schedule, the club told its members in a newsletter on Wednesday that “this amount of rain has a huge effect on all the new works, exposed areas and drainage outlets. Especially when a lot of these areas are not yet completed”.
The golf course and the new village border the University of Newcastle’s Callaghan campus and the Hunter Wetlands Centre.
Stuart Blanch, chief executive of the wetlands centre, said the course has its own deepwater wetlands with species such as the freckled, blue-billed and musk ducks.
“We’d love to manage those wetlands in partnership with them,” Dr Blanch said.
Aveo intends to have all four stages of the development finished in six years.