It was supposed to be a retirement village, but Mirvac convinced Easts Club to pivot to an Over 55’s strata development. Now the word “retirement” is never mentioned in any advertising for this development in Sydney’s expensive Eastern Suburbs.
Laurel Boon, who has lived at nearby Clovelly for 50 years, will be the first resident at The Langlee by Mirvac.
The target market for The Langlee is cashed-up Baby Boomers – the ideal market for the retirement sector.
“Where luxury living meets lifestyle” is The Langlee’s selling pitch with its 55 apartments selling from $1.65 million to a 145sqm three-bedroom, two-bathroom penthouse at $4.995 million.
“When we were selected by Easts Group to deliver this incredible project, development approval had already been secured. However, we saw an opportunity to refine the design to include wellness amenity, tailored for those over 55, that promoted health and fitness and social spaces for residents to meet and welcome friends and family,” said Toby Lang, Mirvac General Manager Residential Development NSW, who is pictured handing Laurel her keys.
“With the residential component complete, bar some finishing details, we are moving quickly to complete the two bowling greens so that Waverley Bowling Club members can return to their rightful home.”
The SOURCE: The market any retirement operator would want is looking elsewhere.
