A LUXURY £16million riverside redevelopment scheme in Newquay is taking shape.

Acorn Property Group is constructing 24 residential units overlooking the Gannel Estuary on the site of the former California Hotel in Pentire Crescent.

The housing complex, which will be called Gannel Waterside, will include 18 two-bedroom apartments, two four-bedroom penthouses, and four four-bedroom houses.

Prices for the apartments start at £695,000 and the houses from £1,650,000.

A spokesperson for Acorn said: “Gannel Waterside offers sweeping views over the Rivel Gannel, Penpol Creek and the surrounding Crantock countryside.

“This exclusive collection, which will have direct river access, promises an unmatched blend of scenic beauty, innovative architecture, and commitment to sustainability that is set to redefine contemporary coastal living in Cornwall.”