Gold Coast development: Retirement village planned for Chevron Island

Almost an entire city block on Chevron Island will be cleared to make way for a new residential care development. FULL DETAILS >>>

ALMOST an entire city block on Chevron Island will be cleared to make way for a giant residential care tower.

Leading healthcare provider Infinite Care is behind grand plans to build the giant seven-storey complex which will have three towers rising from a single podium.

The new development, planned for a 3666 sqm triangular site fronting Stanhill Drive and Anembo Street, will have 142 one-bedroom units.

“The development will cater specifically to the needs of older residents in need of high care

support and accommodation,” a planning report on the project read.

“The proposal provides an innovative, contemporary and functional aged care facility that will

provide accommodation, care and support catering specifically to the needs of older residents seeking a high-level of care within a central and accessible location of the city.”

Its features will include a hair salon, theatre, wellness centre, function rooms, fine dining options, rooftop garden and multiple terraces

The project will require the demolition of seven existing residential houses.

It comes five years after council greenlit a giant 37-storey tower which was expected to have 237 unit sand eight townhouses.

The project never progressed, though it received a two-year extension to its approval in 2020 because its owner was unable to return to Australia as a result of the Covid-19 pandemic.

Infinite Care currently has an aged care portfolio of five refurbished aged care facilities in South Australia and five new facilities in Queensland, with more planned.

Multi-storey nursing home could be in Chevron’s future

THE harrying time that property investment veteran Harry Habul has had trying to quit a major Chevron Island holding could be over.

Harry, 91 last month, has a deal that could see a young company in an old industry buy the 3670sq m site.

That company’s Infinite, an aged-care group set up seven years ago by two entrepreneurial Gold Coast chaps – long-time property identity Tony Partridge and former lawyer Chris Stride.

The deal with Harry is conditional on Infinite getting approval for a seven-level building that literally will be a nursing home.

Harry, who had various price-tags on the land over many years, put a fixed $9m on it in 2017.

There’s no indication of what Infinite will pay for the holding.

It’s move comes as construction is poised to start on Chevron on two 19-level buildings for oldies.

The towers, the tallest on the island, are to be built on a $7m site for Sunsuper real estate investment trust Catalyst Health.

They will be operated by the Gold Coast’s Odyssey Health Group, a tie-up between aged-care veteran Phil Usher and accountancy firm WMS Solutions.

They’re intended to offer hotel-like services, such as restaurants and a concierge.

Another operator of retirement communities, Brisbane’s Aura group, also has scoped Chevron for a site.

The tower previously planned for the Habul land.

The project on the Habul land, subject to development approval, will deliver a building catering for older people needing “high care”.

The 142-bed building is to be laced with goodies, such as a theatre, hair-salon, cafe, and fine-dining options.

The venture will mark a Gold Coast debut by the Infinite group, which first entered the aged-care field in 2014 with the purchase of facilities in South Australia.

It’s since gone on to develop five “state-of-the art” properties in Queensland and is eyeing a venture at Tweed Heads.

The site that could become home to Infinite’s Chevron venture has Stanhill Drive and Anembo St frontages and is occupied by tired homes and units.

The Serbian-born Harry bought the holding, previously approved for unit blocks of up to 10 levels, for $4.7m from a receiver to a Russian-linked company.

He set out in 2016 to improve its value by securing approval for a 31-level tower with 232 apartments and street-front townhouses.

The approval failed to seduce a well-heeled buyer.

Harry’s diversified investments have included owning the Lawrence Drive Tavern at Nerang in the 1980s.

He was an early shareholder in S8, a company set up by Chris Scott to operate in the management-rights field and which was listed on the ASX in 2001.

His top-shelf ambitions showed in 2009 when he was the unsuccessful top bidder, at $6.6 million, for a Sovereign Islands mansion called Madison.

Among sites he has held and sold are one at Biggera Waters flicked to the Raptis Group for $6.3m.

He bought a site adjacent to Harbour Town at Biggera Waters from a mortgagee for $3.85m, selling it for $6.5m four years later to developer Jim Raptis’s son Evan and his partner in the former Emander group, George Mastrocostas.