In what could prove to be a shot in the arm for the Wanaka construction industry, Wanaka retirement village developers Peter and Dee Gordon have joined forces with Arrow International founders Ron Anderson of Dunedin and Bob Foster of Christchurch, and Auckland company accountant Aaron Armstrong, to confirm the $70 million Aspiring Lifestyle Retirement Village is going ahead.
Plans for the Aspiring Lifestyle Retirement Village will be publicly released in October and the first of 110 villas should be completed early next year.
The project also includes 46 apartments, a 65-bed hospital, rest-home, dementia care facility and common facilities. It has resource consent.
It would cost about $70 million to build and the partnership would tender locally for builders, Mr Armstrong said, when contacted, yesterday.
The new business partnership is a joint venture with the Gordon Family Trust holding 50% of shares and retired farmers Peter and Dee Gordon continuing to play a critical role in planning and designing the village for a large block of their land off Cardrona Valley and Golf Course roads.
The Anderson, Foster and Armstrong family trusts hold the other 50% shares.
