$55m retirement village for NP

16:00, Feb 16 2014

Construction of a $55 million retirement village in New Plymouth will begin this year, creating about 100 jobs.

Listed company Summerset Group announced last week it had been granted resource consent to build its first Taranaki village on a 4 hectare site on Carrington Rd.

Earthworks have begun in the area, but construction would not start until building consents had been granted.

A company spokesman said once complete the village would provide permanent jobs for up to 50 people.

Its main entrance would be from Fernbrook Drive, off Huatoki St.

Summerset intends to build about 150 homes on the site, a combination of villas, townhouses and apartments.


The village will also include a cafe, an indoor spa and swimming pool, an exercise room, a hair salon and a residents' bar.

A competition to name the village was held by the company and the winning entry, Summerset Mountain View, came from Tim Barrett, of Oakura, who won a $500 voucher of his choice for his efforts.

Summerset chief executive officer Norah Barlow said Summerset bought the land in August 2013 and the company had four other proposed villages in the North Island.

Once begun, Summerset Mountain View will be the company's 19th village under construction.

There are currently nine retirement villages in Taranaki.

Taranaki Daily News