Bernborough Ascot, a new high-rise retirement living development is taking shape in as part of a large-scale renewal project transforming the city’s Doomben and Eagle Farm racecourse precincts.
The $270 million complex by retirement village operator Keyton has reached a construction milestone with the topping out of its second building called Poinciana House. The 53-apartment tower is set for completion in early 2025.
Bernborough Ascot claims to be the nation’s first vertical retirement community integrated within a racecourse precinct. Its first stage, the sold-out Fig Tree House, has already opened.
While pioneering the high-rise retirement living concept in Brisbane, the development is also garnering attention for its green credentials as one of the first in Australia to achieve a 6-Star Green Star sustainability rating.
Nathan Cockerill, Keyton’s CEO, says the project aims to create “connected, diverse retirement communities” with an emphasis on amenities that promote resident wellbeing and social engagement.
In addition to stylishly appointed independent living apartments, Poinciana House will feature resort-style facilities like a rooftop terrace, restaurant, outdoor entertaining areas, pool, gym and allied health consulting rooms.
The development forms part of the $1.5 billion Brisbane Racing Club master plan to revitalise the Doomben and Eagle Farm racing precinct into a mixed-use destination with residential, commercial and recreational elements.
For the established Ascot neighbourhood, the arrival of a new cohort of over-55s residents could spur demand for more age-friendly infrastructure and services while adding density to the inner-city suburb.
With Australia’s senior population continuing to grow, retirement operators are exploring innovative housing models like vertical villages to meet the changing needs and lifestyle expectations of this demographic.
Published 16-June-2024
