The 41 retirement apartments will be located in the Not For Profit’s ‘U City’ building, currently under construction in Adelaide’s CBD.
Billed as the city’s first ‘retirement high-rise’, Uniting Communities says the development has already attracted interest from dozens of potential residents with one-, two- and three-bedroom units priced from $400,000 up to $900,000.
When completed in 2019, the $80M mixed-use project will house seven floors of retail and commercial space, a 400-seat function centre, headquarters for Uniting Communities’ services and five floors of specialist disability accommodation in addition to retirement units on the top six floors.
The retirement complex will also offer an indoor/outdoor communal area for residents, function rooms, and a 24-hour concierge with a menu of services and support – which CEO Simon Schrapel says will appeal to today’s ‘downsizers’.
“Baby boomers are better educated, internet savvy, enjoying better health and working longer. They’re looking for security, amenity and independence. And we think that’s just what we can deliver,” he says.