3 Upmarket retirement village
THE retirement village and aged care facility of the Bachrach Naumburger Group, which owns Park Beach Plaza and Park Beach Homebase, stands approved for development.
A seven storey retirement village, including a 120-bed residential aged care facility, 183 self-contained units and ocean view apartments is planned for vacant land fronting Arthur and York Sts. The group is building the luxury 12-storey, Seashells at Park Beach development, comprising 44 apartments and will start work upon that project’s completion.
Timeframe: Three stages over five years.
PRICE: $100 million