Retirement housing woven into urban regeneration community project
LOS ANGELES: Construction is underway on a major urban renewal precinct that will deliver more housing supply on a disused former College site.
Parkside Yeronga is a master planned community within the Yeronga Priority Development Area (PDA).
The 3.1-hectare site is a mixed use precinct including a variety of residential options, commercial space, small-scale retail, a community center and public spaces.
A total of 281 homes will be delivered including 169-apartment retirement living facility, 37 custom designed town homes, 75 social and affordable units and over 4000 square metres of open space areas.
To enable this mixed-use development, including the delivery of the Yeronga Community Centre, the Palaszczuk Government is investing more than of $40 million in the preparation of the site.
Economic Development Queensland is leading a public-private consortium, Yeronga Heart which is delivering the homes and comprises JGL Properties, Brisbane Housing Company and Retire Australia.
Parkside Yeronga is attracting around $185 million in private sector investment and creating an estimated 532 construction jobs over four years.