RetireAustralia’s plans for the $40-million third stage of its The Verge project on the Gold Coast have been approved.
The stage will include 62 independent living units as well as a care hub with 10 to 12 beds.
The O’Neill Architecture-designed project at Burleigh Heads is RetireAustralia’s 28th project nationally.
The first stage of the project comprised 40 independent living units while the under-construction second stage of 66 units is is scheduled for completion early next year.
The care hub will provide 24-7 support for the residents with Registered Nurse oversight and options for pallative care.
RetireAustralia’s chief executive Brett Robinson said it was important that people were able to age in place and live as much of their life in the same environment while being able to do what they wanted.
“They can live their life how they wish and receive the care they need in their home,” Robinson said.
“And we can provide the support they need if they have to step into a high-acuity environment without them needing to leave the community.”
RetireAustralia has more than 5500 residents and 6000 staff and a pipeline of more projects— it owns, develops and operates all of its projects and leases units to residents.
RetireAustralia has three projects currently under construction—a 92 independent living unit project at Tarragindi in Brisbane, and the final stages for Forresters Beach and The Rise at Woodglen, both on the Central Coast.
The second stage of The Rise has completely sold out with 24 independent living units and 34 under construction in the third stage.
The Forresters Beach Villas project will have 22 independent living units across its seventh and eighth stages.
The company also has several projects in the planning assessment phase including amended plans for the Tarragal Glen Manor project, also on the Central Coast.
It was initially proposed to comprise 54 assisted-care homes in a four-storey building on 110 Karalta Road site in Erina.
The project was approved in 2019 but after assessing market demand in the area for assisted care units, RetireAustralia opted to modify the proposal.
The new proposal comprises 42 self-care apartments for the site and a mix of 33 two-bedroom units and nine three-bedroom units with 14 units per floor on three of the four floors.
The ground floor will have amenities and 38 car parking spaces.
RetireAustralia is also working on a masterplanned community with vertical living units and a care hub in conjunction with EDQ at the Parkside Yeronga project.
Other projects include the Fancutts project in Lutwyche in Brisbane which will have more than 200 independent living units and a care hub, and a project in Land Cove, Sydney with more than 100 independent living units.
The first stage of the Glengara Care project in NSW is now complete and selling.
Article Source: www.theurbandeveloper.com
from Queensland Property Investor https://ift.tt/NJTcAB9
via IFTTT
