Retirement housing to be built around race course
NEW YORK: The trend to integrate retirement housing within sports precincts continues to grow in cricket, horse racing and football.
The South Australian Jockey Club is searching for a developer to drive its $500 million revamp of the Morphettville Racecourse, which includes more than 500 homes and a 136-room hotel.
The club today launched a formal Expression of Interest to develop up to 10 hectares of rezoned land between the track and Anzac Highway.
The two-stage development incorporates residential, commercial, retail and community spaces.
Stage one includes 150 “modern lifestyle” apartments above a retail complex comprising a tavern, supermarket and specialty shops with direct access to the tramline.
A 136-room hotel is also planned for the Anzac Highway frontage.
Stage two includes about 400 apartments, terraces and townhouses.
“We have developed a comprehensive concept master plan but we’re inviting developers to partner with us and use their expertise to help us make the most of the opportunity,” SAJC CEO Grant Mayer said.