Developers have lodged plans for two boutique retirement communities in sought-after Sydney suburbs.
Plans have been lodged this month with Waverley Council for a $34-million retirement community in the eastern Sydney suburb of Vaucluse.
Blare Management is developing the project at 669-683 Old South Head Road on behalf of OSHR At Vaucluse Holdings Pty Ltd.
The company’s sole director is Kam Yun Au-Yeung, and it is associated with Rose Bay’s Aquavenus Investment and Meissen Properties IB Pty Ltd.
The plans for the development involve the demolition of existing buildings on the 4345sq m site to build a seniors housing development of 31 independent living units within 2 four-storey buildings.
Of the apartments, there will be 15 two-bedroom, 12 three-bedroom and 4 four-bedroom apartments.
Designed by Bates Smart, it also includes a ground-floor retail premises, community lounge, a gym, cinema, library and wine room.
The project appears to be the latest downsized iteration of a retirement community planned at Vaucluse by OSHR At Vaucluse Holdings Pty Ltd.
A similar project on Old South Head Road was also planned by the same holding company but the plans were met with consternation by local councillors, according to media reports at the time.
The site comprises nine allotments, with a secondary frontage to Oceanview Avenue, and is located in the Rose Bay North Local Village.
Further north, plans have been lodged with the Northern Beaches Council for a seniors housing developement in Narraweena which are part of a larger development site.
The site, at 72-76 Willandra Road, will be home to 26 self-contained living units within 4 two-storey buildings and an associated community centre.
The large site is vacant and the current development application will split the larger lot into smaller sections with the building work on the larger 6.2ha site.
The community centre will include a pool, gym, theatre and meeting rooms as well as a library.
Marchese Partners are managing the $17-million project alongside Vigor Master, which also developed the adjacent Beacon Hill Retirement village for Marston Living.
Shortages of retirement living and aged-care space have led to a boom in the sector, with developments in Blacktown lodged by St Maurice Aged Care, another project on Sydney’s Lower North Shore and players such as Aware Super snapping up retirement portfolios.