Eldercare provider Ozcare has lodged ambitious plans for an AU$200 million (US$142 million) dual-tower development in Newstead on the fringes of Brisbane’s CBD.
The 6,180-square-meter 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 stories and 14 stories.
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 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 remold 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 four-story podium and a single basement level.
The first of the two towers will reach 16 stories in height with the second reaching 21 stories, 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 [residential aged-care facility] and office lobbies with the proposed new public park and the existing Waterfront public park.”
A total of 27,730 square meters of gross floor area will be created throughout the development, with 2,892 square meters provided for office space and a further 163 square meters 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.
Other Queensland aged-care development projects in planning include Aveo’s 16-story retirement tower on the Gold Coast, which will accommodate more than 150 seniors, Denmac Nominees’ 12-story retirement facility in Brisbane’s inner north suburb Windsor, and Japara’s $30 million aged-care facilities in Robina.
For more on this story, go to The Urban Developer.