Construction has begun on the final 93 homes at a Málaga city development that will include a private cinema, spa and indoor swimming pool.

Neinor Homes’ Creative Homes Bulevar project in Cortijo Merino will deliver 429 homes across three phases, representing an investment of €125million.

The development occupies land near the end of Avenida Ortega y Gasset, on the site of the former ammonia factory known locally as ‘El Amoníaco’.

Homes range from one to four bedrooms, with prices starting at €273,000 plus VAT.

Larger properties, including penthouses with spacious terraces, exceed €600,000 and €700,000 plus VAT.

Usable interior space ranges from around 50m2 to 130m2, with terraces in addition. Every home includes a parking space and storage room.

The first two phases each comprise 168 homes and are already under construction.

The developer’s projected handover dates are November 2027 for the first phase and June 2028 for the second, with the final phase potentially ready by the end of 2028.

Residents will have access to a private social club of almost 1,000m2, featuring an indoor pool, spa, cinema room, coworking space, yoga area and indoor and outdoor gyms.

Neinor says a neighbouring 23,000m2 public park and boulevard is already complete.

It includes 13,000m2 of green space, football, basketball and beach volleyball facilities, a pétanque area, playgrounds and dog parks.

The wider Cortijo Merino regeneration project is expected to accommodate 1,250 homes, including around 560 protected homes.

Around 75% of buyers at Creative Homes Bulevar so far are Spanish, predominantly from Málaga, according to the company.

Overseas buyers include Swedes and Poles, while the main reasons for purchasing are investment and use as a primary residence.

Read more Andalucia news at the Spanish Eye.