A major retirement living operator has unveiled plans for a high-rise retirement village and aged care tower to be located on the site of a struggling inner-Brisbane club.
Bolton Clarke, which is based in Queensland and NSW, has announced that design work will commence early this year for the project at the Coorparoo RSL site.
The RSL club sold the site to Bolton Clarke in December, after admitting its current clubhouse is “tired”. The club aims to secure a long-term tenancy in a future development at the site.
The Harries Rd development is in the heart of Coorparoo’s town centre and will include 100 independent living apartments, 30 assisted living apartments, a 60-bed residential aged care community and an At Home Support hub.
It will also include a resident-only library and lounge, gym, pool, art and craft studio, private dining room and rooftop sky terrace with sweeping city views and entertaining facilities.
The retirement living apartments would include a variety of floor plans, with all including two bathrooms and some also having studies.
Bolton Clarke General Manager Property Development James Mantis said the development represented a new kind of integrated lifestyle and wellbeing offering for Coorparoo retirees.
“As the needs and circumstances of each resident change, residents will be able to transition to alternate accommodation or access additional care and support services within the development, ensuring they can age in place as part of the vibrant Coorparoo community and enjoy life at the same address for as long as possible,” he said.
“Coorparoo’s over-65 population is growing approximately 30 per cent faster than the Greater Brisbane average and we are pleased to be able to address the need in the area and offer people new supported living options with easy access to the CBD.”
Development in line with vertical and care trends
The announcement is further proof of the strength of the vertical retirement living model, along with the growing connection between retirement living and care.
The Retirement Living Council’s 2020 Census found that 33 per cent of all retirement villages under development are vertical in nature, compared to just 13 per cent in 2018.
Bolton Clarke is investing heavily in this model - it also proposing:
- A vertical retirement living community at St Kilda in Victoria which is on track for completion in October 2021;
- A mixed-use integrated vertical community in Southport’s Queen Street Village development on the Gold Coast - construction tenders are out now and work is expected to start this year with completion planned for 2023
- A co-located retirement living development at Westmead in Sydney.
The same census found that 30 per cent of retirement villages were co-located with an aged care facility (the highest number in four years).
SEE ALSO:
- The seven downsizing trends expected to dominate 2021
- Search for downsizing-friendly property, including retirement villages, across Brisbane
