The transformation from golf club to residential subdivision is well underway in Red Beach. Gulf Rise retirement village, in foreground, opened its first show home at the end of last month.
The development of the Hibiscus Coast’s latest retirement village, on the former Peninsula Golf Club land at Red Beach, took a step forward recently with the opening of the first show home.
Retirement village owner Metlifecare is spending $250 million on the project, which covers a 5ha site. Work began on foundations last August.
Stage one is nearly complete, with 35 villas built and a further 20 apartments due to be finished by October. Around a third of these homes have sold and the first residents move in next month.
The next stage will be building the garden apartments and some of the shared amenities and social spaces. Earthworks for this second stage are scheduled to begin next year, and should take until towards the end of that year to complete.
The village has been designed by architects Warren and Mahoney and Ignite as “a well planned town, utilising the latest in urban design principles”. This includes blending it with the wider community via open entrances.
Metlifecare chief executive Glen Sowry says the design reflects the retirement industry’s move away from gated communities.
“This will be a taste of a new generation of retirement villages,” he says.
When finished, the village is expected to cater for around 300 residents.