Redland City Council transferred the 6,724sq m site at 4-10 Doig Street, Cleveland to Redland Investment Corporation (RIC) in 2015, to help revitalise Cleveland’s CBD.
RIC subsequently facilitated the sale of the site, which fronts Doig and Waterloo Streets and is currently used as a car park, to aged care provider Vacenti.
The site will become a mixed use development based around a five-storey aged-care facility with commercial, community, medical and retail spaces including a supermarket.
The finished project is expected to create 160 new permanent jobs – 110 in aged care and 50 in retail, and draw more people into the Centre through visits to aged-care residents and new retail spaces. The development will provide 186 off-street parking spaces for residents, visitors and workers.
This is a key initiative to enable the Cleveland Centre to grow into a vibrant high density mixed-use centre.
For more information visit the Vacenti website.