Compare Communities - Australia’s First Choice, when comparing Retirement Villages. Compare, select and save up to $15k in your next move in life. 1300 190 547
Compare Communities - Australia’s First Choice, when comparing Retirement Villages. Compare, select and save up to $15k in your next move in life. 1300 190 547
on the Tuesday, August 2, 2016
Penrith Council’s bold vision to reimagine two key City Centre sites has paid off. A site on Reserve Street will be transformed into a quality development for older residents, looking to downsize while staying in the Penrith area. Council has chosen award-winning Greengate Development Pty Ltd to develop the site into a premier aged care facility.
Plans for the second site, in Union Road, are still being explored and will include an extra 1000 car park spaces. Council is thrilled with the options that have been put forward.
Penrith Mayor Karen McKeown said both sites fall within, or next to, the Living Well Precinct which will become a modern village for baby boomers who want to be close to services and amenities.
“Our call for bold and innovative solutions for these sites had been incredibly successful and will help deliver the Penrith Progression blueprint for the City Centre,” Cr McKeown said.
“We have been looking for partners to help grow the local economy, attract investment and create jobs – as well as cater for our parking needs – and this process has revealed exciting opportunities for our Regional City.”
Greengate won ‘Best Retirement Living Development’ at the 2016 Property Council of Australia Innovation and Excellence Awards, for its facility St Brigid’s Green at Maroubra.
The proposed Reserve Street development includes independent living apartments, a 24-hour aged care home plus additional community and medical services.
Before developing the site, an agreement on the land will be finalised and a Development Application (DA) process including community consultation undertaken.
Director of Greengate Andrew Sweeney said: “We are looking forward to working with Council to create a great community that is tailored to local seniors. In fact, one of the first tasks we have set ourselves when finalising the design over the coming months is to meet with local seniors, find out what is important to them and what their priorities are. Our goal is to provide a vibrant location in the heart of the city of Penrith.”
Council expects the development will be completed by 2020.
In regards to the Union Road site, Council has received numerous bold ideas from experienced investors to develop the site in a variety of ways. This includes residential, office and commercial uses, as well as parking, to support the City Centre.
A detailed design and feasibility process is now to be undertaken. Council will then choose the best option before proceeding to an agreement on the land and the DA process, where the community can have their say.
Council would like development at the Union Road site to take place within 3 years.
Ahead of construction on the Reserve Street site in around two years, Council will continue to work on solutions to the City’s parking needs. This includes:
Click here to find out more about Greengate Villages' retirement communities.
Pictured: Greengate’s St Brigid’s Green at Maroubra – which won the 2016 Property Council of Australia Innovation and Excellence Awards
