Gold Coast development: Multi-tower residential retirement community planned for former Hope Island theme park
The former site of a failed Gold Coast theme park will be transformed into a giant waterfront five-tower development with room for nearly 1000 people.
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THE former site of a failed Gold Coast theme park will be transformed into one of the city’s largest retirement villages.
Plans have been filed to build five towers of up to eight storeys across the 34,390 sqm site on Hope Island’s Sickle Ave.
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Until last month it was site of the Hope Island Village Square marketplace.
The developer is unknown, but is represented by a Brisbane town planning agency
But unlike many other developments, these five towers will all share giant single podium which will connect them together.
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City planning boss and area councillor Cameron Caldwell has met with the developers and welcomed the project.
“It is great to see this key Hope Island site identified for future development,” he said.
“Hope Island provides a wonderful lifestyle and is an attractive proposition for this kind of development.”
It is the latest in a range of retirement age developments which have been approved by the Gold Coast City Council in the past two years.
More than $1 billion worth of projects are under construction or in the planning stages.
But rather than go into nursing homes, many are instead selling the family home and downsizing into spacious luxury units.
Data released last year showed that the over-65s market will be worth more than $3.5 billion to the city’s economy over the next five years.
However hopes of building a Kaufland supermarket on the site fell through.
According to plans filed with the Gold Coast City Council today, it will have 348 units, with a mixture of two and three bedrooms.
There will also be a series of 15 villas on the ground level fronting Pendraat Parade.
Including the villas there will be 853 bedrooms.
Around 772 sqm of retail and business space will be included in the project for cafes, health care services, shops and offices.
“The podium roof top reflects an expansive, landscaped communal plaza including a range of open space areas that take advantage of the outlook to the Hope Island Canal,” a report to council said.
“The tower forms are broken up into a series of towers rather than one consolidated built form to maximise outdoor open space and landscaping.
The project is expected to be built over five stages, with 517 car spaces provided once completed.
A boardwalk will be created along the Hope Island Canal.
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The site sold last month for $17 million.
The former Village Square marketplace hit the market last year after Jason Bettles, of Worrells, was appointed by the District Court to administer the winding up of the group-title Village Square scheme and sell the property.
A push by the body corporate, backed by developer John Fish, started five years ago to get all the Village Square owners to agree to end the property’s group-title scheme.
Demolition crews moved in last week, just days after the property’s sale was settled.
The work to clear the land is expected to take two months.
The development application will go before council later this year.
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