The new scheme, located in Manor Crescent, will comprise 55 one and two bedroom apartments exclusively for the over 60s.
Apartments at McCarthy & Stone's Later Living development will be situated close to Torquay Road, the main route in to Paignton town centre, making it ideally located for shops and amenities.
Its Later Living developments offer the independence of retaining home ownership while living in an apartment specifically designed for later life. Facilities include a shared lounge, guest suite, laundry room and a lift. A dedicated house manager ensures the smooth running of the development and a security entrance system plus 24 hour emergency call points provide peace of mind for both residents and their families. All properties are low maintenance and energy efficient.
In addition to offering age exclusive apartments, the retirement property developer also provides a range of financial services, including a pension annuity service, equity release, legal services and guaranteed funeral plans.
Aileen King, regional sales and marketing director for McCarthy & Stone, said: "Everything we do is built around a belief that later life can be rich, rewarding and fulfilling, and starting construction of our Later Living development marks an exciting milestone in helping the over 60s in Paignton make the most of later life. When complete, the apartments will be low maintenance in design and will benefit from modern fittings, good security and will have a number of specialist features."
With more than 35 years of experience, McCarthy & Stone has become Britain's leading provider of retirement apartments, having built more than 45,000 in 1,000 different schemes.
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