Townsville's property landscape is set for another significant transformation as developer Living Gems receives the official green light for its second luxury over-50s resort in the city. The $180 million project promises to deliver premium retirement living options while generating substantial economic benefits for the North Queensland region.
Major Development Approval for Townsville's North Shore
The Townsville City Council has formally approved development plans for the ambitious project, which will be situated at North Shore. This marks Living Gems' second major venture in the area, following the successful establishment of their first resort that has proven popular with the over-50s demographic.
The new resort represents a massive $180 million investment in the local economy and is expected to create hundreds of jobs during both the construction phase and ongoing operations. This development comes at a time when demand for quality retirement living options in regional Queensland continues to grow.
Project Specifications and Timeline
According to the approved plans, the new Living Gems resort will feature 220 luxury homes specifically designed for the over-50s market. Construction is scheduled to proceed in multiple stages, with the first homes expected to be completed and ready for occupation by late 2025.
The development will include comprehensive facilities and amenities tailored to the needs of active retirees. Residents will have access to community centres, recreational areas, and various social spaces designed to foster community engagement and an active lifestyle.
Economic Impact and Market Response
Living Gems CEO Brett Lavering expressed enthusiasm about the project's approval, highlighting the company's confidence in the Townsville market. The first Living Gems resort in Townsville has already demonstrated strong market demand, with significant interest from both local residents and those looking to relocate to North Queensland.
The development is expected to provide a substantial boost to the local construction industry and create numerous ongoing employment opportunities in hospitality, maintenance, and community management roles once operational.
This approval represents a significant milestone in Townsville's urban development strategy, showcasing the city's attractiveness for major private investment in specialised residential projects. The continued expansion of quality retirement living options also addresses an important demographic need as Australia's population continues to age.
Local business groups have welcomed the news, anticipating positive flow-on effects for various sectors including retail, healthcare, and professional services as new residents settle in the area.
