In May this year, The Weekly SOURCE reported a 50% increase in construction costs over two years had forced Third.i to take its approved development at Merewether Golf Club back to the City of Newcastle with new plans.
Third.i sought 36 extra apartments and have been successful and has now announced it has appointed a building partner for the project. It has a new funding partner on board.
Co-Founder Luke Berry said, in a prepared media release, after some delays for the development, which was first approved by state planning authorities in 2021, said the company was excited to get started on The Merewether Residences, which will have 178 two- and three-bedroom apartments overlooking the golf course, a health and wellness space and cinema.
The Merewether is a shared vision between Third.i’s retirement living division, ThirdAge Villages, and Merewether Golf Club. It was designed by architect Eugene Marchese from Marchese Partners I Life3A. The architectural oversight has transitioned to EJE Architecture.
Construction is set to begin in the first quarter of 2025 and the expected completion date is 2027.