Phil Usher’s private aged care venture, operating under the Retirement Villages Act and backed by super fund Australian Retirement Trust (formed from the merger of Sunsuper and QSuper), has received approval from the City of Gold Coast for his next project.
Phil, working with O'Neill Architecture, has the green light to build 13-storey twin towers on Hope Island on the Gold Coast, with a mix of 188 one-, two- and three-bedroom apartments with penthouses on the upper top floor, common areas on the ground and third level, and a second level of 23 aged care suites for residents requiring a higher level of care.
Odyssey had sought a 14-level development but came to an agreement to lower the building height by one level with Council.
"We are also adding more commercial integration space on ground level that will include another coffee shop that is there for residents and the regular community to share, plus an exclusive coffee shop just for residents within our podium level," said Phil.
He acquired the 4,639sqm waterfront site, with a 180 metre north-facing frontage to Hope Island Canal, from the diversified property developer Stockland, who had paid $13.5 million to the administrators of Fish Developments for the site in 2017.
In an exclusive interview in SATURDAY digital magazine last year, Phil had revealed he would be building six retirement village communities valued at $600 million-plus within six years on the Gold Coast, starting with the existing Odyssey site at Robina, where the final building, an additional 68 apartments, is currently being constructed.
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