The site of Rotorua’s Summerset Retirement Village Project on Fairy Springs Rd.
Rotorua has been chosen as one of the final sites for the Summerset Group’s retirement village expansion plans, with the company buying 14.2ha of land on the outskirts of the town.
The proposed village is in the planning and development phase, according to general manager Scott Scoullar, but plans were underway for an investment of around $180 million in Summerset Rotorua to build around 270 homes, including villas, cottages and serviced apartments.
The site has hosted various tourist and commercial operations over the years and is currently the site of the Rotorua Heritage Farm, 3D Trick Art Gallery, Deer Museum and a cafe.
Scoullar said the site offers excellent amenity features that future residents could enjoy, including Waiowhiro Creek and views of Mount Ngongotaha.
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“We’re looking at options to best utilize the site’s existing functionality,” he said.
The proposed village would be located just 5km from the center of Rotorua, with the nearest supermarket and medical center just 1.5km away.
Surrounding the site are some of Rotorua’s top tourist attractions, including Skyline Skyrides and Mitai Maori Village.
When completed, Summerset Rotorua was to provide a care center with inpatient care in a nursing home and leisure facilities including a bowling green, cafe, communal vegetable gardens, exercise room, library, hair salon, resident workshop, pool table, resident facilities. bar and a playground.
Scoullar said the $180 million investment is expected to create around 250 construction jobs and, once competed, provide 50 permanent positions for caregivers, nurses, gardeners, maintenance and property management.
Summerset Group has also bought another property in Masterton and another in Australia, on which it plans to build other retirement villages.
The combined investment in the three sites will exceed $600 million.
Scoullar said it was nice to strengthen Summerset’s portfolio and secure key sites in high-demand locations.
“Rotorua Village in Fairy Springs is Summerset’s first site in Rotorua,” he said.
“With easy access to State Highway 5, the 14.2ha [block] is located close to local amenities including golf clubs and the CBD.
“The Rotorua area does not have a retirement village offer like ours currently, and with a strong over 75 population expected to grow by 30% over the next six years, Summerset is pleased to be able to bring our unparalleled continuum of care offering retirement from the village to Rotorua.
“Our villages will offer a full range of high-quality independent living units, as well as an offer of residential care on site.
“Summerset is proud to offer a continuum of care model where as a resident’s needs change, so can their living conditions.”
The company owns or builds 49 sites in New Zealand and Australia and provides services to over 7,100 residents.