RETIREMENT living and aged care provider Aveo has been given the green light for a $60 million project on the Sunshine Coast.
The Aveo Group has been given planning approval to built 138 independent living units on 5.4 hectares at Palmview, with work starting in April.
The units, which will provide homes to more than 200 seniors when completed, will be set within the wider $3 billion master-planned community Harmony by AVID Property Group.
The Aveo Palmview community will be built over five stages featuring two and three-bedroom units, with the first 63 units planned in the first stage with completion expected by June 2020.
Aveo Group chief executive Geoff Grady said Harmony's location was a key consideration when choosing the site, with the Sunshine Coast experiencing a 21 per cent growth in senior residents in the five years to 2016.
"We have invested heavily into the region to support the strong demand for high quality retirement communities, only late last year celebrating the completion of the $20 million final stage at Aveo Peregian Springs Country Club to support seniors seeking a sea change now," he said.
"As people are living longer, there is an increased demand for retirement communities that provide premium product and amenities including professional care services."
Amenities planned in the first stage of Aveo Palmview include a community centre with a cafe, media room, recreational and entertaining areas, as well as a range of professional health and wellness facilities.
Palmview will become Aveo's third development on the Sunshine Coast alongside flagship community Aveo Peregian Springs Country Club.
Set on 378 hectares, Harmony will deliver more than 4800 homes for 12,000 future residents, 100 hectares of open space and a 60km network of pedestrian path and cycle ways.
AVID Property Group General Manager Queensland Bruce Harper said intergenerational planning has been an important focus at Harmony since the project's inception more than a decade ago.
"In the past, most new residential developments really only catered towards younger families, with the expectation that people would move on as their circumstances changed," Mr Harper said.
"These communities didn't tend to provide appropriate facilities for a wide range of people - like teenagers, for example, or to enable older people to remain in their community as they aged."