The Not For Profit has negotiated the purchase of a parcel of land in the master planned Queen Street Village in Southport to build an integrated vertical development featuring up to 144 independent living units, 40 assisted living apartments and 72 aged care beds.
As we covered here, the 3.2 hectare site of the former Gold Coast Hospital in Southport has been approved for seven towers ranging from 16 to 25 storeys including residential apartments, a hotel, cinema, supermarket, childcare and retail.
The acquisition is part of Bolton Clarke’s $565 million pipeline of 16 projects including the old RDNS Head Office site in St Kilda, a new greenfield development in Bundoora in Melbourne, a new site in bayside Brisbane, a canal development at Bundall on the Gold Coast and a co-located development at Westmead in Sydney.
The first stage of the development is expected to commence this year and take six to eight years to complete.