Construction has officially begun on a luxury new Gold Coast retirement village, which will transform a disused canal-front site into 300 apartments and more than one hectare of green space.
Around 1,200 jobs will be created during stage one works for Reside Communities' Esperance at Hope Island.
Up to 200 contractors a day have begun foundation works for the first stage, including preparation for a 150m boardwalk that will run the full length of the village’s canal frontage.
Stage one includes the first building, Esprit, which will feature 76 architecturally designed two to three-bedroom apartments.
Reside Communities CEO Glen Brown said Esperance would be built in five stages, with the first stage already attracting strong interest from local retirees.
“This is an exciting milestone that we are celebrating along with many of our valued customers who are watching in anticipation as their new homes at Esperance start to become a reality,” Mr Brown said.
“More than 30 per cent of stage one has been secured through expressions of interest, indicating how well Esperance has resonated with downsizers.
“We are thrilled to see our vision becoming a reality, providing all the advantages of vertical retirement living and allowing us to offer a huge range of exclusive resident facilities in one of the world’s most desirable locations.
“Esperance will also help to address an undersupply of quality residential options for retirees on the Coast, with many of our buyers local and keen to stay within the area they know and love.”
Located on Sickle Avenue at Hope Island, residents will be just across the road from all the shopping and dining at Hope Island Marketplace, and within easy walking distance of numerous health and leisure services.
Apartments in the first stage of Esperance will range from spacious two-bedroom, two-bathroom homes to stunning three-bedroom penthouses with sweeping water and island views.
Luxury kitchens, open plan living, generous balconies or courtyards, separate laundries and walk-in robes are all standard while many apartments also have media rooms and study nooks.
After discussions with initial purchasers and local retirees, the kitchen and bathroom designs have been further updated to include additional storage, functionality improvements, and higher grade fittings and finishes.
Mr Brown said the updated kitchen and bathroom designs reflected the personal tastes of future residents.
“Being able to make changes like these in response to the market is what we do at Reside Communities and is just one of the benefits that comes with being both the developer and operator.”
Exclusive recreation amenities at Esperance will include a cinema, bar, café, library, private function and dining rooms, and outdoor barbecue and entertaining spaces.
A large central green plaza will create a vibrant community hub, complete with water features, walking paths, lush lawns and a canal boardwalk.
Health and wellbeing will be well catered for with an indoor therapy-focused swimming pool, indoor/outdoor resort-style pool, gym, yoga and Pilates studio, hair and beauty salon, health and wellness spaces, and outdoor exercise lawns for activities such as yoga and tai chi.
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