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Aged Care Development on the Gold Coast Ramps Up

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Aged Care Development on the Gold Coast Ramps Up

ASX-listed retirement developer Aveo has received approval for a 16-storey retirement tower on the Gold Coast, with construction set to begin before the year is out.

The Gold Coast City Council approved the $62.5 million tower in the suburb of Labrador, with the development set to accommodate 96 one-, two- and three-bedroom units for more than 150 seniors.

The tower, located on a 2014 square metre site in Frank Street, will offer a heated pool, gym, sauna and community room with dining and bar facilities and consultancy rooms for visiting health professionals.

Aveo Group chief executive Geoff Grady said the vertical living concept allows residents the convenience of living in a beachside postcode with access to care and health services.

“The needs of today’s retirees are changing and we know that our future residents won’t want to leave their familiar suburban areas – they’ll want to remain connected in their local community when they choose to retire,” Grady said.

The project is Aveo’s sixth retirement development on the Gold Coast.

Aged Care Development on the Gold Coast Ramps UpAged care provider Japara is developing a $30 million six-storey facility on the Gold Coast.

Construction under way on Japara aged care project

Another publicly-listed aged care provider, Japara has commenced construction on a $30 million aged care facility in the Easy T precinct of Gold Coast’s Robina.

The six-storey facility will accommodate 106 beds across nearly 7000sq m and is anticipated to open in mid-2019.

Japara chief executive officer Andrew Sudholz said the project had been chosen because of its proximity to the Robina CBD.

“The site provided Japara with a rare opportunity to secure a parcel of land in an area of significant demand, with proximity to major infrastructure, such as Robina Town Centre and Robina’s health precinct – including public and private hospitals,” he said.

Japara’s new $30 million facility neighbours the recently sold Easy T Centre, anchored by a Spano’s Supa IGA supermarket and 40 speciality retailers.

The centre was acquired by Clarence Property for $31.6 million in 2006 and sold last month to a Gold Coast-based investor for $35.8 million.

Gold Coast’s billion-dollar aged care boom

Recent data by the Housing Industry of Australia revealed that the Gold Coast’s retirement community will inject $3.5 billion into the city’s economy over the next five years.

ABS figures showed that the number of over-65s living in the Gold Coast jumped 28 per cent between 2011 and 2016.

Meanwhile, a post-Commonwealth Games development pipeline of $30 billion will help meet the Gold Coast’s projected growth, with recent research by Ray White Surfers Paradise and Urbis suggesting that the post-GFC lull was well and truly over.

“As a result of the hiatus in development, we’ve had rental vacancy rate sitting at around one per cent for some time as well as significant pent-up demand for residential land in many areas of the city,” Ray White Surfers Paradise chief executive Andrew Bell said.

Source: theurbandeveloper.com

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Developments

Four Towers Added to $2bn Broadbeach Masterplan

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Four Towers Added to $2bn Broadbeach Masterplan

Four Towers Added to $2bn Broadbeach Masterplan

The Queensland government has approved four more towers for the Destination Gold Coast Consortium’s Broadbeach masterplan.

The Destination Gold Coast Consortium — a joint venture between Star Entertainment Group and Hong Kong-based partners Far East Consortium and Chow Tai Fook Enterprises will now undertake a 10-year construction phase to complete the master plan.

The newly added towers will create 3,000 new hotel rooms and will range in height between 52-74 storeys.

On completion, Star Gold Coast will be home to more than 50 bars and restaurants and employ 6,000 people in total.

“The masterplan in its entirety would see The Star Gold Coast boast more tourism accommodation than any other resort in Australia,” Star Entertainment Group chief executive Matt Bekier said.

“The 3,000 hotel rooms and apartments would also exceed what the world-renowned Marina Bay Sands in Singapore offers, and be on a scale to compare with the largest integrated resorts in Las Vegas.”

 

The first phase of the overall masterplan’s five new towers was approved in December 2016 and is currently under construction.

Construction recently began on the site’s third hotel tower, a $400 million project containing 316 guest rooms.

The 53-storey tower will be home Australia’s first Dorsett hotel as well as Star Residences, set to open in 2022.

“In addition to The Star Grand, The Darling and The Dorsett hotel tower, our expanded masterplan provides the opportunity for another four towers and world-class facilities,” Bekier said.

An estimated 1,800 jobs will be created to build each of the four remaining towers, totalling 7,200 construction jobs.

A further 3,000 people will be employed operationally across the four new towers.

“This state government stamp of approval gives The Star and its partners the opportunity to lift The Star’s profile with international tourists to even greater heights,” Premier Annastacia Palaszczuk said.

All seven towers are estimated to be complete by 2028, with the Consortium outlining plans to build one new tower at its Broadbeach island site every two years.

Star is also undertaking the Queen’s Wharf Brisbane transformation combining their tourism assets within Queensland to $9 billion.

Source: theurbandeveloper.com

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Developments

Developer Launches 25-Storey Mermaid Beach Tower

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Developer Launches 25-Storey Mermaid Beach Tower

Developer Launches 25-Storey Mermaid Beach Tower

Developer Launches 25-Storey Mermaid Beach Tower. Western Australian developer Pindan has launched its first Gold Coast project to market at Mermaid Beach.

Developer Pindan has been an active player on Australia’s east coast over the past five years, with its funds management arm, Pindan Capital, overseeing $1.7 billion of development projects.

Its latest venture, a $110 million residential tower known as Mahala, will boast 94 spacious two and three bedroom apartments with two car bays, across 25-storeys.

The Cottee Parker designed residential tower, located on Peerless Avenue, will overlook Hedges Avenue, known colloquially as “millionaires row”.

The new tower will feature resort-style amenities including a terrace pool, residents lounge, private dining room along with a secure grocery and parcel delivery facility.

A rooftop solar farm system will allow residents to benefit from cheaper energy costs and lower strata fees.

 

Developer Launches 25-Storey Mermaid Beach Tower

Developer Launches 25-Storey Mermaid Beach Tower

“Mahala offers features you would expect in a private beachside home, a beautiful entry, and even a secure drop-off facility for residents who like to have their groceries, wine or other shopping items delivered,” Pindan director Nick Allingame said.

The tower sit just south of Sunland’s $200m, 45-storey tower which is currently on the market.

Colliers International residential director Andrew Roubicek said there had been well over 500 enquiries from prospective purchasers living locally as well as from Brisbane and interstate.

“Locals who are looking to make Mahala their home are saying the fact the vast majority of apartments are being sold with two carparks is a big drawcard, along with the prime location close to Hedges Avenue,” Roubicek said.

Pindan received planning approval in late July, with early construction work now commencing on site.

Source: theurbandeveloper.com

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Developments

Ridong Unveils Plans for ‘World Class’ Gold Coast Tourism and Wellness Retreat

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gold coast tourism
Chinese developer Ridong, the original developer of the Gold Coast’s $1 billion Jewel project, has lodged plans for a “wellness and tourism retreat” in Tallebudgera Valley on the Gold Coast.

The $60 million proposal seeks approval for a six-star, 98-room key resort, 113 residential dwellings, a 16-hectare man-made lake and a contemporary European art and sculpture gallery modelled off Tasmania’s Museum of Old and Modern Art (MONA).

In plans submitted to the Gold Coast City Council in late September, Ridong has also proposed a 3-storey health and wellness centre with a day spa, a waterfront chapel for wedding services, two conference centres and three restaurants.

Chairman of the Ridong Group, Riyu Li, began acquiring parcels of land in Tallebudgera Valley in 2014.

The “wellness and tourism retreat” will cover sites owned by Li on Tallebudgera Connection Road and Tallebudgera Creek Road.

The Ridong Group sold its 45 per cent share in the Jewel towers in February.

gold coast tourism

Artist impressions of a chapel (top left), health and wellness centre (right) and art museum (bottom) in the Gold Coast hinterland.

In applying for the rezoning the rural 47.5-hectare rural site, Ridong has positioned the development as a “significant investment in the development of an integrated tourism resort” catering to a growing inbound tourism market interested in health and wellbeing.

Building heights will be largely low- to medium-rise, with the hotel component of the development reaching 5-storeys. The proposed development will cover less than 9 per cent of the nearly 50-hectare site.

The 4-storey, 14,885sq m contemporary art gallery will be privately operated and comprise a curated cultural exhibition space, a 100-seat theatre and automotive museum.

Ridong said that the gallery will act as a “world class” tourism attraction for the area as the Gold Coast “doesn’t currently have an art gallery of such proposed scale”.

Ridong has appointed architecture firm DBI for preliminary design duties.

The major development is currently in preliminary assessment with the Gold Coast City Council and is not expected to progress before 2019.

The Urban Developer reached out to Ridong but did not hear back by the time of publication.

Source: theurbandeveloper.com

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