Geelong’s Spence Constructions has been appointed builder of developer Villawood Properties’ new $7.6 million Club Coridale at Lara.
The resort-style ClarkeHopkinsClarke-designed club will feature a cafe, swimming pool, gym, sport courts, family and function areas.
Across the Victorian economy, the club’s 12-month construction could generate around 70 direct and indirect jobs in construction and other industries. The construction of the club is also forecast to inject around $9 million into the economy, Villawood said.
Villawood said the broader end-to-end 1100-home Coridale project could inject over $360 million plus into the economy while generating over 2,700 direct and indirect jobs over the anticipated seven-year development life.
Villawood Properties executive director Rory Costelloe said the new club offered greater amenity and capital growth for Coridale buyers, as evidenced already at the developer’s Armstrong Mount Duneed community south of Geelong, also built by Spence, and opened in 2016.
“Lara’s got some great infrastructure and, in the past, has developed some communities with lots of water features and other amenities,” Mr Costelloe said.
“But Club Coridale will really lift standards in Lara to a whole new level.”
Spence Constructions director Glenn McVilly said the resort club was “quite a major project” for the Geelong region.
“We’ve got 25 separate sub-contracting companies in the project plus us as head contractor,” he said.
“If you said three or four jobs in each of those, there’s probably going to be 75 to 100 ongoing jobs on site. Then there’s admin staff for each contract company, a couple more to each company, so the figure could be 125 to 150.
“Then there are direct supply chains as well, so it’s quite a major project for the region, absolutely.”
