Stockland breaks ground on $63M greenfield vertical village on the Sunshine Coast

Building has begun this week on the operator’s eight-storey Oceanside Retirement Village at the $5B Oceanside master-planned community at Kawana.

Just a short walk from the Sunshine Coast Health Precinct which includes the new Sunshine Coast Public Hospital, Sunshine Coast University Private Hospital and Sunshine Coast Health Institute, Stockland are tipping the 140-unit village will be ready for residents in early 2018.

The new village will also sit adjacent to a new 151-bed Opal Aged Care facility due to be completed by early 2017, as part of Stockland’s partnership with Opal to provide its residents with continuity of care.

It’s Stockland’s second vertical village after its recent redevelopment of 240 units at the Cardinal Freeman The Residences at Ashfield in Sydney.

Group Executive and CEO of Retirement Living Stephen Bull said: “By 2056 a quarter of our population will be over the age of 65. Vertical villages like this, create options for older Australians to downsize and move into connected communities with centralised health and lifestyle services.”

It’s another sign high-rise retirement living and aged care is on the ‘up’ in in the area. Living Choice is currently building its third Sunshine Coast village, an ‘intergenerational’ vertical development that will feature both co-located aged care and child care at Sunshine Cove in Maroochydore.

Watch a video from the sod-turning here.

http://www.chinchillanews.com.au/news/63-million-retirement-village-rises-up-on-sunshine/3113346/