Designed by BVN, the proposed resort-style retirement precinct will provide 300 independent living units and 108 aged beds (high-care), retail, café, restaurants and new bowls club. The proposal will be developed over five stages, with Mirvac building the residential component.
Managing director for Retirement Living, Tony Randello, states “the site provides an opportunity to develop a market leading, intergenerational retirement and aged care community adjacent to a renowned racecourse”. “We look forward to working in close consultation with BRC, local authorities and the local community to develop the master plan and respond to the ageing population of greater Brisbane.”
The future proposal will form part of the $1.5 billion master plan being prepared by Brisbane Racing Club to redevelop surplus land within the Racecourse.
Brisbane Racing Club chairman Neville Bell outlined the importance step for the $1.5 billion master plan project, stating, “This development agreement represents the next phase of the BRC Master Plan over our two racecourses. While we have been active in transforming the Eagle Farm precinct, this is the first project on the Doomben side of our Club”. “This partnership with Lendlease is part of the BRC’s strategy to develop our non-core land. This is producing a diversified business model that will future-proof the BRC and help to fund new racing and patron facilities”.
The announcement comes after the Brisbane Racing Club completes its Ascot Centre Shopping & Lifestyle Precinct on Nudgee Road, which includes a Woolworths Supermarket, bars and restaurants within a neighbourhood centre.
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