Aged care provider Ozcare has lodged ambitious plans for a $200 million dual-tower development in Newstead on the fringes of Brisbane's CBD.
The 6,180 square metre site, was acquired by Ozcare from Mirvac in January almost a year after the ASX-listed property giant outlined plans for a dual-tower residential development of its own comprising 25-storeys and 14-storeys.
The proposed development, located at 43 Evelyn Street and 15 Gordon Street, will be carried out over two stages, eventually providing a 120-bed residential care facility as well as a 142 independent living units as part of a new retirement facility.
Ozcare has partnered with strategic consultants Gallus Partners, who were initially contracted by Mirvac, to remould the development application towards high-standard aged care.
“The development will provide a very modern and beautiful aged care facility which will act more like a hotel,” Gallus Partners managing partner John Shepherd told The Urban Developer.
“There will be a distinct and luxurious hospitality focus providing high-end residential facilities for senior Queenslanders.”
The two-tower development, designed by Brisbane firm Conrad Gargett, will be constructed over a complex four-storey podium and a single basement level.
The first of the two towers will reach 16-storeys in height with the second reaching 21-storeys, adding to the sprawl of high-rise development along the Brisbane river.
“Integrating the development into the existing Newstead urban fabric was a key driver for the project team,” Conrad Gargett director John Flynn told The Urban Developer.
“The ground level colonnade creates an active pedestrian space connecting the residential tower, RACF and office lobbies with the proposed new public park and the existing Waterfront public park.”
A total of 27,730sq m of gross floor area will be created throughout the development with 2,892sq m provided for office space and a further 163sq m dedicated to ground floor retail.
If approved, a construction tender will be issued with the decision expected to be awarded over the next 18 months.
Newstead has seen an influx in high-rise residential developments over recent years with a number of developers opting for aged-care provisions.
Aveo Group recently completed a similar $200 million 19-story vertical retirement community on Longland Street.
RetireAustralia has revealed plans for its first retirement apartment project in Brisbane.
The 8-storey development, to be based in Lutwyche, will comprise 183 contemporary independent living apartments and 35 state-of-the-art high-level care apartments.
Other Queensland aged care development projects in planning include Aveo's 16-storey retirement tower on the Gold Coast, which will accommodate more than 150 seniors, Denmac Nominees' 12-storey retirement facility in Brisbane's inner north suburb Windsor, and Japara's $30 million aged-care facility in Robina.