Stage one of a luxury retirement precinct in Melbourne is complete, with residents now moving into the 18 storey tower. The building, known as The Grace Albert Park Lake, is part of a broader Precinct from Australian Unity.
Designed by Fender Katsalidis in collaboration with Mim Design, the project meets a shortage for ultra-high-end retirement living close to the city and encompasses a mix of 79 one, two and three-bedroom apartments.
Fender Katsalidis associate director Jessica Lee says stage one’s completion shows how long-term thinking is needed to cater to the growing ageing population.
“We have created more than a building but what will become an entire precinct that centres on ageing in place for residents, starting with independent retirement living.
“Every consideration has been given to providing the best outcomes for residents particularly as we expect them to be calling this home for the remainder of their lives,” she says.
The precinct offers a continuum of care where residents in The Grace can move into the precinct’s forthcoming aged care and assisted living building if required.
Lee says the project differs from other buildings aimed at downsizers and retirees as the design and functionality takes into account this specific stage of life.
“While there are many premium, new apartment buildings that might target downsizers, among others, they aren’t catering specifically to the current and future needs of this demographic.
“There is the potential that an older person’s situation might change and they need to move into higher care. The precinct takes that burden off people and their families by offering an ease of experience and extremely low change in environment,” Lee adds.
The building’s design focuses on the creation of a community while maximising natural light and views over Albert Park Lake and the city. The Grace offers residents an exceptional degree of design and amenities including an artist’s studio, wellness facilities and theatre.
“The project is exemplar in showing how a community can be established through its amenity, design and connectivity.
“The sector’s growth towards vertical living has been organic and there are many benefits of moving towards a smaller footprint.
“There is a need for more of these community-focused retirement precincts so close to the city and with a highly sought after location comes the need for high-quality design,” says Lee.
Stage two of The Albert Retirement Living Precinct is set to feature vertical aged care and assisted living apartments, commencing construction next year.