The owner/operator has conditionally acquired with their capital partner “three contiguous sites located in regional New South Wales for the proposed development of a new land lease community”.
This is in addition to Tallowood Meadowie in NSW’s Port Stephens LGA, and Stratford Gardens in Tahmoor, 97km southwest of Sydney’s CBD, Vivacity Managing Director is Jonathan Steggles Mendez.
Last month they also announced Vivacity at Natrium, Coral Cove, a $250 million 502-home land lease community designed by DC8 Studio with project managers AVIDPM. Coral Cove is 20 minutes from Bundaberg and a short drive from the coastal town of Bargara, Queensland.
In six years, the Sydney-based business backed by RF Corval acquired Oasis Caravan Park in Kanwal, NSW Central Coast, which The Weekly SOURCE reported in October last year was well advanced with its planning proposal to build 675 apartments on site, including 102 apartments designated for affordable rental housing, and 200 apartments for independent living for seniors.
Vivacity’s own website has also revealed plans for land lease communities in Berkeley, a suburb of Wollongong, a city 92km south of Sydney, with 78 homes, and Farley, Maitland, the city 166km north of Sydney, with 254 homes.
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