$35 million retirement village to be built at the Heights Durack
A new $35 million retirement village will be built in the Territory following an agreementbetween The Heights Durack residential development and leading retiree housing provider Masonic Homes Ltd.
The agreement sees Masonic Homes acquire a 2.4 hectare allotment within The Heights Durack which will be used to build 60 high quality retiree villas to complement residential homes throughout the development.
Masonic Homes will also build a dedicated community centre for retirees, which will host events and serve as a focal point for village residents.
Geoff Smith, Project Director of The Heights Durack, says the collaboration with Masonic Homes represents a major milestone for the award-winning master-planned development.
“The Heights Durack is an outstanding community in the making as hundreds of Territorians from first homebuyers and young couples through to growing families and retirees move in to Darwin’s newest neighbourhood,” he said.
“A purpose-built retirement village within the broader development adds another important dimension to The Heights Durack, and we’re thrilled to collaborate with such a reputable organisation in Masonic Homes who will no doubt deliver excellent homes and facilities for local retirees.
“Significantly, the retirement villas will reflect our commitment to smart, sustainable home designs which have been fundamental to our delivery of The Heights Durack so far.”
Masonic Homes’ Chief Executive Officer Richard Porter says the new village will provide much-needed retiree housing in the Territory.
“We believe there’s a critical shortage of quality retiree housing in Darwin. In fact, there are currently only three major retirement villages across the city – and Masonic Homes operates two of them – so we’re looking forward to using our local knowledge to develop a great range of accommodation and address the rising demand from senior Territorians,” he said.
“We’re also really excited to be working with The Heights Durack, which is definitely shaping as one of the best new residential communities in Darwin.
“We’ll work with The Heights Durack project team and develop a range of retiree accommodation options that are in keeping with the character and location of the wider development while taking into account the Territory’s unique climate.”
Mr Porter says design work will now commence on the retirement village ahead of construction commencing next year.
Masonic Homes has been a leading provider of housing for senior Australians for over 50 years and has operations in the Northern Territory and South Australia. For more information visit www.masonichomes.com.au.
The Heights Durack is a $450 million development by CIC Australia located off Roystonea Avenue adjacent Charles Darwin University’s Palmerston Campus. It will ultimately see 882 new homes built this decade, as well as parks, bike paths, walking tracks and a lakeside community centre to hold local events and exhibitions.
In excess of 300 lots have already been sold at The Heights Durack ranging in size from 250 sq m up to 875 sq m which suit a variety of home designs. For more information visit www.theheightsdurack.com.au.
Issued by Hughes Public Relations:
Kieran Hall on 0422 147 151 or email@example.com