GenU has lodged a $15M proposal to bulldoze part of its 137-dwelling retirement village in Lara, a small town 18 km north-east of the Geelong CBD, to make way for more than 60 new units.
The NFP’s St Laurence Park village is earmarked for the major redevelopment with plans to replace 27 units with 69 new apartments, according to the Geelong Advertiser.
The paper reports the planning application includes $15m for the project.
“The development is essentially a reinvigoration and a redevelopment of an existing facility where the built form has, in part, reached the end of its useful life”, the planning report notes.
The proposal includes “a slight increase in density from the existing arrangements” with a mix of one and two-bedroom dwellings across 40 single-storey units and 29 apartments in both single and double-storey buildings.
GenU promotes St Laurence Park as “a premier retirement village offering quality accommodation choices”.
The NFP operates in both the aged care and disability sectors with combined services at 200 locations across Australia.
Karingal St Laurence was renamed genU in 2017 after Geelong-based community service organisations St Laurence and Karingal merged to become Karingal St Laurence in 2016.