Major $60m facility approved for Sunshine Coast
CONSTRUCTION of a $60 million retirement village at Palmview will begin next month.
The Sunshine Coast Council has approved the 138-unit village, Aveo Palmview as part of the $3 billion Harmony housing development by Avid Property Group.
Once completed, Aveo will house 200 seniors.
Aveo Group CEO Geoff Grady said the village would be built over five stages with both two and three-bedroom units available.
The first 63 units will be built in stage one, expected to be completed June 2020.
Inside the village residents will have access to a community centre, cafe, media room, rec and entertainment rooms and professional health and wellness facilities.
Mr Grady said Harmony's location was a "key consideration" when choosing the site, with the Coast experiencing a 21 per cent growth in senior residents over the past five years.
"The Sunshine Coast is arguably one of Australia's best lifestyle locations, so we're thrilled to be proceeding with this community alongside AVID Property Group," Mr Grady said.
"We have invested heavily into the region to support the strong demand for high quality retirement communities, only late last year celebrating the completion of the $20 million final stage at Aveo Peregian Springs Country Club to support seniors seeking a sea change now.
"As people are living longer, there is an increased demand for retirement communities that provide premium product and amenities including professional care services.
Once completed Harmony will be able to house 12,000 residents across 4800 homes.
AVID Property Group general manager Queensland Bruce Harper said, "intergenerational planning" was an important focus at Harmony since the project's inception more than a decade ago.
"In the past, most new residential developments really only catered towards younger families, with the expectation that people would move on as their circumstances changed," Mr Harper said.
"These communities didn't tend to provide appropriate facilities for a wide range of people - like teenagers, for example, or to enable older people to remain in their community as they aged.
"We are thrilled that Aveo Group will deliver a state-of-the-art retirement community right here at Harmony."
Palmview will become Aveo's third development on the Coast.
For more information on Aveo Palmview, visit https://www.aveo.com.au/retirement-villages/qld/sunshine-coast/aveo-palmview or call 1800 316 933 today.