The community centre will be the centrepiece in ReGen Living’s Waurn Ponds lend lease village for over-55s looking to downsize.
A new entrant to the growing lend lease community space targeting downsizers has made a start to a $130m Waurn Ponds project.
Oliver Hume’s ReGen Living has commenced work on the 195-home project at Hams Rd that will feature a $10m clubhouse, dedicated active sports precinct, health and wellness space, and a workshop adjacent to an edible garden and greenhouse hub.
The homes will sit within more than 3ha of parkland, including walking and bicycle trails, playgrounds and sporting ovals.
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ReGen Living general manager Ashley Duster said changing demographics required a new approach to downsizing for people in the over-55 age bracket.
Oliver Hume research shows the population aged between 55 and over 85 in Waurn Ponds is forecast to grow 119 per cent by 2046.
Already an older population, more people are expected to consider downsizing options.
“This is a true masterplanned community that puts lifestyle first with best-practice design and a financial model that allows buyers to own their home while leasing the land,” Mr Duster said.
ReGen chose Waurn Ponds as it has established shopping and services to benefit residents as soon as they move in. Picture: Brad Fleet
ReGen Living chose the Waurn Ponds location for its first project due to its proximity to established everyday amenities, such as shopping centres and services that are ready to use now.
“We spent considerable time researching how people over 55 want to live,” Mr Duster said. “In listening to these needs we have turned land lease living on its head and will deliver a truly innovative community.
“Homes will be priced to allow local downsizers to release funds from the sale of their existing home. For some people, this means money to travel, buying a new car, or helping out the kids.”
Lend lease villages are becoming an increasingly competitive space, with operators involved in an arms race of design features to lure customers.
Such as the clubhouse which is designed to offer an indoor and outdoor pool, gymnasium, private cinema, his-and-her steam rooms, wine bar, billiards parlour, a co-working space and private dining room.
An artist’s image showing a residential streetscape at the ReGen Living Waurn Ponds village.
Tennis and pickleball, a golf similar and sports bar pavilion will be features of the active sports precinct.
The nearby Lakehouse Wellness and Creative Centre features a yoga and pilates studio, as well as a creative arts hub.
A range of two, two-and-a-half and three-bedroom homes with single or double garages are designed for the community, which can accommodate between two and four cars and contain ready-to-move-in inclusions, oversized storage and private outdoor open space.
Two-bedroom options at ReGen Living Waurn Ponds are expected to start from around $580,000, with prerelease purchase benefits available for buyers who register before September.
The development comes after Levande submitted $70m plans for a 125-unit retirement village at Highton.
