Boomers high-rise set to come with a health hub
LOS ANGELES: Developers are having to reimagine projects to win sales to the baby boomer market.
A mixed-use development approved in Bayswater represents a first on several fronts — as the town’s first high-rise and the first time apartment residents will be able to live above a major medical hub.
While apartments have long been stationed above shops and cafes, the upcoming development on Beechboro Road South marks the first major development to bring a substantial number of apartments and medical facilities together in one building.
It means residents will be able to catch the lift up to their apartment after day surgery, a GP appointment or a session with a wellness provider.
The nine-storey building is also significant as it will be the tallest in the suburb when completed in 2029, marking Bayswater’s transition from a low-density suburb to one that will include high-rise apartments.
However, it will eventually be dwarfed by bigger towers of up to 15 storeys, which are planned under a broader vision for the area.
The high-rise on Beechboro Road South is being developed by Sydney-based developer PERIFA, part of Versatile Group, alongside specialist medical and health development services partner, Corim Properties.
The project, which was unanimously approved, will include two levels of medical facilities with 2653sqm of net lettable area over the ground floor and the first level.
Fabrizio Perilli, PERIFA co-founder and managing director, said the aim is to create a one-stop health and wellbeing precinct.
He said residential developments anchored by medical-related property is an emerging type of mixed-use trend on the east coast, but to his knowledge it was the first of its kind in WA.
“It’s really a medical, health and wellbeing hub,” Mr Perilli said.
“I think that where the world is going. I think people are focused on health and wellbeing, and prevention.”
The medical facilities will include general practice clinics and consultant suites, medical imaging, day surgery and recovery rooms, wellness and rehab facilities, as well as retailers focused on health, wellness and medicine.
The residential element will include 73 apartments, including 18 accessible dwellings, across levels two to eight, as well as two levels of basement parking for 152 cars and 131 bicycles.
The podium and rooftop will be landscaped for communal use.
Mr Perilli said he expected some apartment buyers would be attracted to the location for its focus on health and wellness, but others would be drawn to its location in central Bayswater.
Set 300m from the Metronet station, it would eventually be part of a vibrant residential and commercial hub.
“As one of the first facilities to be developed as part of the wider Bayswater district regeneration, this development marks a significant milestone for the local community of Bayswater and its surrounding suburbs,” he said.
“It’s also a major milestone for our growing business.
“We’re proud of the work we’ve achieved in New South Wales, are seeing strong early momentum in Queensland, and now look forward to bringing our vertically integrated development, construction and specialist trade contracting model to Western Australia.”
Construction is expected to start in early 2026.
It comes amid in a substantial rise in rents for medical assets.
Australian Development Capital this week turned the sod on its Claremont medical facility, revising its end value up from $52million in June last year to $71m now.
ADC founding partner Rod Hamersley said the upwards revision was due partly to higher rents that were expected
The Claremont project had removed the day hospital from the original plans.