Chinese developer R&F Property Australia has commenced construction on the initial stage of its $750 million, eight-building, Live City residential and mixed-use project in Footscray.
The developer’s first project in Victoria, Live City is being built on the dormant Kinnears Ropeworks factory at 124-128 Ballarat Road.
The site will be repurposed into a residential and mixed-use precinct of up to 1,450 dwellings.
R&F acquired the site in 2016 for a reported $60 million and will stage the development over the next six to eight years.
Built in 1908, the former Kinnears Ropeworks will require major conservation works to be undertaken.
“Live City will set the tone for Footscray’s newest precinct with the conservation of three heritage buildings, approximately 1,450 apartments, specialty retail, commercial offices and public spaces to bring this vibrant new community to life,”
— R&F Property Australia vice president Thomas Chiu
“The development comes with a vision to create a sustainable hub that integrates seamlessly with the surrounding local neighbourhood, along with increased housing and amenity for Melbourne’s inner-west,” Chiu said.
The first stage will include 208 apartments within three buildings located on the site’s western edge between Ballarat Road and Kinnears Street. Heights of all stages will vary between eight and 18-storeys.
Proposed to be delivered within a six-to-eight year time frame, R&F engaged architects Elenberg Fraser to design the masterplan which includes six separate precincts.
R&F Property Australia, part of Guangzhou-based R&F Properties, recently launched plans for a seven-building $500 million apartment project in Brisbane’s West End on a site it purchased in 2015 for $82.5 million from Pointcorp.
The masterplan includes seven residential buildings comprising 1032 apartments and retail and commercial space.
An aerial perspective R&F’s Footscray masterplan. Image courtesy of R&F Property
R&F Property is also developing the $400 million Brisbane 1 project at Cordelia Street, South Brisbane which will consist of 600 apartments and retail amenities.
The Chinese parent company this year emerged as a buyer for Chinese developer Dalian Wanda Group’s the One Nine Elms hotel and residential project on the south bank of London’s River Thames.
An artist’s impression of the Denman Windsor development
Denmac Nominees wants to build 98 aged care rooms and 79 independent living units across 19,159sqm in Windsor, 3km north of Brisbane’s CBD.
Designed by ThomsonAdsett, Denman says their “ageing in place solution” will see the care facilities located alongside the village in separate wings with retail, café, outdoor landscaped areas and ground floor health care services also on site.
Despite Brisbane Council recently scaling back some of its incentives for aged care developers, the city is still seeing a surge of new development including Aura Holdings launching the second stage of its Kingsford Terrace village; and Ethnic Communities Council of Queensland (ECCQ) announcing plans to demolish and rebuild its 115-bed Berlasco Court Caring Centre, built in 1988, in Indooroopilly, 7km west of the CBD.
An artist’s impression of the Ethnic Communities Council of Queensland (ECCQ) redevelopment.
Brisbane-based Denmac Nominees is the latest developer to tap into the aged care market, submitting a proposal for a 12-storey retirement facility in Brisbane’s inner north.
The retirement tower comprises 98 aged care rooms and 79 independent dwellings across 19,159sq m with ground floor commercial tenancies available for lease by health care services.
The proposal is located in Windsor, three kilometres north of Brisbane’s CBD.
Denmac is calling its proposal an “ageing in place solution”, with residential care facilities located alongside the retirement village in separate wings.
The developer is also proposing retail, food and beverage and outdoor landscaped areas in the ThomsonAdsett-designed building.
Denmac have amalgamated three sites to develop the Denmac Windsor Seniors Living project.
Denmac amalgamated 193 and 195 Lutwyche Street and 10 Lyons Street, of which the latter — a 923sq m parcel of land — was purchased most recently in 2015 for $1.5 million.
The 4,213sq m site is currently occupied by a Mercedes Benz dealership and a clothing distribution centre.
The developer’s proposal joins a surge in aged care development in Brisbane, with the Ethnic Communities Council of Queensland announcing plans for a 115-bed project in Brisbane’s west and Aura Holdings launching the second stage of its 53-unit Duporth independent living project in Brisbane’s Corinda.
The demand for seniors living in Brisbane is expected to double by 2025.
Other aged care development in the Sunshine State includes Aveo’s recently approved 16-storey retirement tower on the Gold Coast, which will accommodate more than 150 seniors and Japara’s $30 million aged-care facility in Robina.
Recent data collected by Ray White Commercial revealed that $147.53 million was spent on medical space in 2017 to meet Brisbane’s rapidly ageing population.
Denmac are currently awaiting approval and are yet to propose a timeline for the project.