My Account
Work has begun on the 8355sqm site of the redevelopment of Palm Grove Retirement Village in Orewa and is very visible from the Centreway Road side.
The site comprises six adjacent properties at 8 Milton Road and 11–17 Centreway Road.
The development, which will be completed in stages, means that the existing village at 6–8 Milton Road will be expanded to a three-storey ‘boutique’ complex that incorporates 69 new apartments and 76 carparks (mostly underground) as well as retaining 12 of the original villas.
The developers, Palm Grove Partnership, applied for resource consent in October, 2016 and this was granted one year later.
The partnership has two shareholders, Senior Trust Capital Orewa (80 percent) and Orewa Village Limited (20 percent). Aegis Orewa Limited is the lessee of the village and the operator on behalf of the partnership.
The village, now re-named The Grove, was acquired by Palm Grove Partnership in March 2016. It consisted of 14 independent villas. The partnership purchased five neighbouring residential properties to enable it to develop the site.
The apartments are already for sale off the plans. Units are expected to be priced from $535,000 to $1.1million.
Senior Trust’s website notes that there is potential for a further 35 apartments to be developed in the future.
