Photo: ODT filesA retirement village boom is set to pour tens of millions of dollars into the Wakatipu and wider Central Otago area. Two new villages, Remarkables Park and Leaning Rock, north of Alexandra, will create 167 units between them. The new and planned units will cater for 1200 residents, and invest a combined $79 million in construction, Retirement Village Association boss John Collyns says. While there’s been significant pushback against housing developments in the Wakatipu recently, Collyns tells Mountain Scene retirement villages come with a big benefit. "When people move into retirement villages, that releases family homes back into the market.”Remarkables Park developer Alastair Porter says the multi-storey retirement village will be staged as required to meet demand, across three or four five-storey apartment buildings with central community facilities.

Source: Otago Daily Times May 14, 2019 00:00 UTC