National residential developer Villa World will launch its $300 million flagship residential project Arundel Springs this weekend on one of the last remaining land parcels on the Central Gold Coast.
The 386-dwelling project will become the largest residential developments undertaken by Villa World on the Gold Coast in more than a decade and capitalises on the growing demand for homesites in the city’s established population nodes.
Arundel Springs will take advantage of its location adjacent to the Coombabah Lakelands Conservation Area, a new light rail station, close proximity to the M1 and only minutes to the city’s major employment and education nodes of Griffith University Hospital and Griffith University.
“It’s probably the right project at the right time for the Gold Coast," Villa World CEO and Managing Director Craig Treasure said.
"Particularly with the level of infrastructure spending currently under way for the Commonwealth Games, including the light rail.
“But we’ve also taken it a step further with the regeneration of the wetlands in a way that defines all new Villa World projects by creating an active new living environment for Arundel Springs residents and the wider community.”
The regeneration of the Arundel reach of the Coombabah Lakelands Conservation Area, in collaboration with the City of Gold Coast, will realise the potential of the long-neglected area for increased public access while providing a stunning natural backdrop to the masterplanned development.
Arundel Springs will embrace the restored stretch of wetland with several open spaces, street sculptures and viewing decks, while incorporating connecting walkways and bike tracks into the community’s design.
“The restoration delivers spectacular natural surrounds to one of Villa World’s finest residential offerings while also providing a lasting legacy for the local environment and the wider community," Mr Treasure said.
The first release has been well accepted with more than 50 per cent of sales totaling $8.2 million already secured.
Villa World has also received more than 150 registrations of interest for the second stage, prompting the company to fast-track delivery of the land offering.
Mr Treasure said Villa World was focused on engaging local buyers, particularly those employed in the nearby Gold Coast Health and Knowledge Precinct at Parklands.
“We see Arundel Springs as an ideal and natural lifestyle choice for people who work in the precinct, given its proximity and the ease of access for residents via the nearby light rail station,” he said.
Mr Treasure said Villa World would donate $2500 to the Gold Coast Hospital Foundation for each sale made to a Gold Coast University Hospital employee.
Located in the central Gold Coast, Arundel Springs is close to public and private primary and secondary schools, shops, and is within walking distance of a new light rail stop connecting with Helensvale Railway Station, Griffith University, Gold Coast University Hospital, Southport, Surfers Paradise and Broadbeach.
Villa World created the Arundel Springs masterplan after acquiring the 25 hectare infill site from the O’Brien family last year.
The parcel has been locked away from public view for decades under private ownership as one of the Gold Coast’s last working dairy farms.