THE PRESBYTERIAN Church (NSW) Property Trust’s approved Paddington aged care development will see our church develop the biggest single project it has ever embarked.
PCNSW and PAC are finally set to proceed on the much anticipated redevelopment of the Scottish Hospital site in Sydney’s Paddington.
The Property Trust has entered into a contract with Brookfield Multiplex to commence work on the development, which will be named The Terraces, in mid-2015.
“What we are doing is building a $180 million world class integrated seniors housing, community care and residential care development on the former Scottish Hospital site,” PAC CEO Paul Sadler said.
“The NSW Government’s Planning Assessment Commission approved the development in May 2012 and the Trustees approved at the end of October proceeding to the next stage, following the PAC Committee’s approval."
“This means an Early Contractor Involvement Agreement has been executed with the development and construction builder, Brookfield Multiplex and a budget for development including construction, sales and marketing costs has been approved.”
The development will include:
Mr Sadler said it had taken more than two years to reach this point following the Planning Assessment Commission’s decision.
“The major factor in the delay was changes announced by the Federal Government in April 2012 to the arrangements for residential aged care funding,” he said.
“Only in recent months have sufficient details been clear for our negotiations with banks and builders to proceed.”
Mr Sadler said it was important to note that the development would be staged, with the existing aged care building remaining open during stage one and all existing residents and staff guaranteed transfer to the new aged care building.
“The plans have been approved on the basis that the existing aged care building remains open while the new facility is constructed,” he said.
“No-one currently living at the site will be asked to look for permanent accommodation elsewhere.”
The Presbyterian Church has been supporting the independence and care of older people across NSW and the ACT for more than 70 years.
PAC has residential care sites at Ashfield, Canberra, Drummoyne, Gosford, Haberfield, Paddington, Thornleigh, Stockton, Walcha and Wollongong; and seniors housing at Ashfield – Pitt Wood Village, Beecroft, Bowral, Canberra, Chatswood, Corowa, Drummoyne, Eastwood, Gosford, Roseville, Stockton and West Wyalong.
Originally published by The Pulse - By Karen Thornton.
An artist's impression of the new Paddington aged care facility (above) and new elegant over 55's apartments building.
© The Terraces at Paddington - PAC. Paddington, Sydney NSW.