Third.i’s retirement division ThirdAge has $120M village at Merewether Golf Club in Newcastle approved with more to come
It’s the second project for ThirdAge, which is a partnership between Michael Eggington the former Lendlease retirement CEO, and residential developer Third. i’s Ron Dadd, Luke Berry and Robert Huxley, and continues the trend to build retirement...
Sydney-based property developer Third.i’s retirement division ThirdAge is looking at several sites similar to the $120 million retirement living resort development at Merewether Golf Club which has been approved by the Hunter and Central Coast Regional Planning Panel.
It’s the second project for
A spokeswoman said ThirdAge is “assisting the land owners navigate the planning process to review/approve their sites potential as a retirement resort in the future. Our locations are spread across NSW & QLD and will be in some of the state’s most desirable locations.”
The development, The Merewether, is a joint venture between ThirdAge and Merewether Golf Club. It will be home to 148 luxury one-, two-, and three-bedroom apartments in four, six-storey complexes, and includes 16 penthouses with rooftop spa terraces overlooking the golf course.
In addition, ThirdAge director Luke Berry said the resort style community will feature a lap pool, cinema, gym, workshop, communal kitchen, and craft rooms. The golf club and community members will benefit from a new clubhouse, restaurant facilities, sports bar, and a wellness centre for its members and apartment residents.
“The perception of the over 55s category is no longer a nursing home environment. People expect more, they want more and they're searching for better lifestyle options, resort-style living, non-invasive technology, and a sense of community,” he said.
ThirdAge will call for construction tenders and hopes to have residents in their new homes by mid-2024. Merewether Golf Club is providing a 99-year lease of the development land.
