$100m James Packer backed project's wellbeing, longevity boost
Residents of the Maleela Rise development could be set to enjoy their views for a long time if plans for it to help improve wellbeing and longevity pay off.
A consortium backed by billionaire James Packer have revealed their vision to turn a Balwyn nursing home into a life-extending luxury apartment complex.
A wellness retreat inspired by Hotel Chadstone that features a gym and mix of saunas, a curated library and reflection garden are among the features planned for its well-heeled future residents.
The former 52-bed Aveo aged care centre at 23 Maleela Ave, Balwyn, was bought by the NPACT investment firm which is heavily funded by one of Australia's richest men, Mr Packer, and headed by former Crown Resorts strategy and development vice president Todd Nisbet.
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Melbourne lawyer, businessman and former ABC board member Joe Gersh is also part of the group behind the planned $100m revamp that will ultimately feature 31 homes.
The project will be developed alongside Chapter Group and has been designed by Cera Stribely Architects, with landscaping by garden guru to Melbourne's elite Jack Merlo.
Mr Nisbet said the project would aim to nurture the body, mind and spirit of residents with a view to increased longevity and overall wellness.
Fitness training forms part of the plan to help keep residents at Maleela Rise in top shape.
Sauna's and cold showers are also on the list of physical therapies intended to help promote a long and healthy life.
'We have focused on providing features within the development which not only promote physical health, such as the gymnasium, saunas and cold shower, but also to create opportunities for socialisation and the building of friendships through our club lounge facility, and relaxation and enrichment in our library and reflection garden,' he said.
The largest residences will span 'mansion proportions' of more than 600sq m, including one with its own swimming pool and a rooftop retreat on offer.
After previously working on One Barangaroo, the tallest tower in Sydney and home to one of the nation's few six-star hotels, he added that the 31-apartment complex in Balwyn to be named Maleela Rise was also intended to create a balance between hotel luxury and a sense of home.
A library and reflection garden are also among the features intended to keep owners' minds in good working order.
Crown Resorts chairman James Packer and then Crown executive vice-president Todd Nisbet. Picture: David Caird.
'We have done this in many ways; for example, we are incorporating a concierge service to provide not only a convenience, but also a welcoming presence to our residents at the end of a long day,' Mr Nisbet said.
'It's an opulent environment, but its designed for every day living.
'Inside the apartments, we have also added moments of extravagance through the use of incredible natural stones, such as Arebescato Rosso, but they are grounded within an overall neutral palette which will make it liveable and timeless.'
European oak flooring will be complemented by marble and travertine throughout the homes, while many residences will also have fireplaces and bars.
Social spaces to ensure engagement with neighbours are among the project's intended ways to maintain good wellbeing.
A variety of floorplans on offer will include penthouses spanning as much as 600sq m in size, one with scope for its own pool.
A mix of two and three-bedroom floorplans will be offered, all homes will have butler's pantries in their kitchens, large terraces and multiple carparks.
There has already been interest from local business luminaries in the largest homes.
Apartment prices will start at $1.7m for a two-bedroom home, while penthouses will commence sales from $5.6m.
It comes shortly after James Packer and developer Time & Place had a legal win to compel the sale of a studio apartment holding up plans for a Potts Point redevelopment in Sydney.
Packer is helping to fund plans to buy out the 80-apartment The Chimes tower, with expectations it will cost about $100m all up to acquire.
It will then be overhauled as a new project.
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News.com.au
16 hours ago
- News.com.au
$100m James Packer backed project's wellbeing, longevity boost
A consortium backed by billionaire James Packer have revealed their vision to turn a Balwyn nursing home into a life-extending luxury apartment complex. A wellness retreat inspired by Hotel Chadstone that features a gym and mix of saunas, a curated library and reflection garden are among the features planned for its well-heeled future residents. The former 52-bed Aveo aged care centre at 23 Maleela Ave, Balwyn, was bought by the NPACT investment firm which is heavily funded by one of Australia's richest men, Mr Packer, and headed by former Crown Resorts strategy and development vice president Todd Nisbet. Melbourne lawyer, businessman and former ABC board member Joe Gersh is also part of the group behind the planned $100m revamp that will ultimately feature 31 homes. The project will be developed alongside Chapter Group and has been designed by Cera Stribely Architects, with landscaping by garden guru to Melbourne's elite Jack Merlo. Mr Nisbet said the project would aim to nurture the body, mind and spirit of residents with a view to increased longevity and overall wellness. 'We have focused on providing features within the development which not only promote physical health, such as the gymnasium, saunas and cold shower, but also to create opportunities for socialisation and the building of friendships through our club lounge facility, and relaxation and enrichment in our library and reflection garden,' he said. The largest residences will span 'mansion proportions' of more than 600sq m, including one with its own swimming pool and a rooftop retreat on offer. After previously working on One Barangaroo, the tallest tower in Sydney and home to one of the nation's few six-star hotels, he added that the 31-apartment complex in Balwyn to be named Maleela Rise was also intended to create a balance between hotel luxury and a sense of home. 'We have done this in many ways; for example, we are incorporating a concierge service to provide not only a convenience, but also a welcoming presence to our residents at the end of a long day,' Mr Nisbet said. 'It's an opulent environment, but its designed for every day living. 'Inside the apartments, we have also added moments of extravagance through the use of incredible natural stones, such as Arebescato Rosso, but they are grounded within an overall neutral palette which will make it liveable and timeless.' European oak flooring will be complemented by marble and travertine throughout the homes, while many residences will also have fireplaces and bars. A mix of two and three-bedroom floorplans will be offered, all homes will have butler's pantries in their kitchens, large terraces and multiple carparks. There has already been interest from local business luminaries in the largest homes. Apartment prices will start at $1.7m for a two-bedroom home, while penthouses will commence sales from $5.6m. It comes shortly after James Packer and developer Time & Place had a legal win to compel the sale of a studio apartment holding up plans for a Potts Point redevelopment in Sydney. Packer is helping to fund plans to buy out the 80-apartment The Chimes tower, with expectations it will cost about $100m all up to acquire. It will then be overhauled as a new project.
Herald Sun
17 hours ago
- Herald Sun
$100m James Packer backed project's wellbeing, longevity boost
Residents of the Maleela Rise development could be set to enjoy their views for a long time if plans for it to help improve wellbeing and longevity pay off. A consortium backed by billionaire James Packer have revealed their vision to turn a Balwyn nursing home into a life-extending luxury apartment complex. A wellness retreat inspired by Hotel Chadstone that features a gym and mix of saunas, a curated library and reflection garden are among the features planned for its well-heeled future residents. The former 52-bed Aveo aged care centre at 23 Maleela Ave, Balwyn, was bought by the NPACT investment firm which is heavily funded by one of Australia's richest men, Mr Packer, and headed by former Crown Resorts strategy and development vice president Todd Nisbet. RELATED: Developer's bold plan for $50m Melbourne site Shane Jacobson's big new pub plan revealed Melb couple list ex-brothel, reveal wild reno that made it a home Melbourne lawyer, businessman and former ABC board member Joe Gersh is also part of the group behind the planned $100m revamp that will ultimately feature 31 homes. The project will be developed alongside Chapter Group and has been designed by Cera Stribely Architects, with landscaping by garden guru to Melbourne's elite Jack Merlo. Mr Nisbet said the project would aim to nurture the body, mind and spirit of residents with a view to increased longevity and overall wellness. Fitness training forms part of the plan to help keep residents at Maleela Rise in top shape. Sauna's and cold showers are also on the list of physical therapies intended to help promote a long and healthy life. 'We have focused on providing features within the development which not only promote physical health, such as the gymnasium, saunas and cold shower, but also to create opportunities for socialisation and the building of friendships through our club lounge facility, and relaxation and enrichment in our library and reflection garden,' he said. The largest residences will span 'mansion proportions' of more than 600sq m, including one with its own swimming pool and a rooftop retreat on offer. After previously working on One Barangaroo, the tallest tower in Sydney and home to one of the nation's few six-star hotels, he added that the 31-apartment complex in Balwyn to be named Maleela Rise was also intended to create a balance between hotel luxury and a sense of home. A library and reflection garden are also among the features intended to keep owners' minds in good working order. Crown Resorts chairman James Packer and then Crown executive vice-president Todd Nisbet. Picture: David Caird. 'We have done this in many ways; for example, we are incorporating a concierge service to provide not only a convenience, but also a welcoming presence to our residents at the end of a long day,' Mr Nisbet said. 'It's an opulent environment, but its designed for every day living. 'Inside the apartments, we have also added moments of extravagance through the use of incredible natural stones, such as Arebescato Rosso, but they are grounded within an overall neutral palette which will make it liveable and timeless.' European oak flooring will be complemented by marble and travertine throughout the homes, while many residences will also have fireplaces and bars. Social spaces to ensure engagement with neighbours are among the project's intended ways to maintain good wellbeing. A variety of floorplans on offer will include penthouses spanning as much as 600sq m in size, one with scope for its own pool. A mix of two and three-bedroom floorplans will be offered, all homes will have butler's pantries in their kitchens, large terraces and multiple carparks. There has already been interest from local business luminaries in the largest homes. Apartment prices will start at $1.7m for a two-bedroom home, while penthouses will commence sales from $5.6m. It comes shortly after James Packer and developer Time & Place had a legal win to compel the sale of a studio apartment holding up plans for a Potts Point redevelopment in Sydney. Packer is helping to fund plans to buy out the 80-apartment The Chimes tower, with expectations it will cost about $100m all up to acquire. It will then be overhauled as a new project. Sign up to the Herald Sun Weekly Real Estate Update. Click here to get the latest Victorian property market news delivered direct to your inbox. MORE: Adrian Portelli selling entire Block compound at Phillip Island Melbourne suburbs where houses remain affordable for buyers Abbotsford: Iconic Skipping Girl's multimillion-dollar transformation
Daily Telegraph
a day ago
- Daily Telegraph
James Packer adviser tipped to be $80m penthouse buyer
James Packer adviser Lawrence Myers is tipped to be the mystery circa $80m buyer of Crown's penthouse at Barangaroo. Myers, who is the chief executive of Packer's family office Consolidated Press Holdings, and his wife, Sylvia, currently have their Rose Bay mansion listed with hopes above $90m. The Agency's Steven Chen, who sold the penthouse and is the co-agent for the luxury Bayview Hill mansion, has been contacted for comment. And according to multiple sources, Myers, who took up the Consolidated Press role two years ago, has negotiated a deal to eventually move into the luxury penthouse, which will sit 32 floors above Packer's luxury two-level apartment. MORE: Security guard sells $4m lottery win The sources differ on the price Myers is paying, with the amounts ranging between $70m and just under $80m. The Wentworth Courier last week broke the news that the buyer of the 849sqm six-bedroom penthouse, on levels 81 and 82 of the Barangaroo tower was rumoured to be from Sydney's east. Designed by Meyer Davis, the penthouse includes a small pool with balcony. All up there are four balconies, with views to Darling Harbour, North Sydney, the heart of the CBD and the iconic harbour. Other features include a gym, wine cellar for 300 bottles, a butler's pantry, two guest bedrooms, a separate entrance for nannies and chefs and a wet bar. The panoramic views, taking in the Harbour Bridge and Opera House, can never be built out. Although one of Sydney's best apartments, it's understood James Packer's double storey apartment on levels 48 and 49 of Crown — which cost $72m — is even more impressive. 'Packer's is just spectacular, with more than 1000 sqm of space and two designers have worked on the interiors,' one source said. The Myers family's Rose Bay home, listed with both Chen and Pillinger chief Brad Pillinger, is also spectacular. On a 1039sqm block, the grand property, designed by David Walker and Peter Janks, has incredible views of the Harbour Bridge from nearly every room — even the bathtub and gym. There's also an incredible wet-edge pool with spa and cabana. The 1,100 sqm of internal space flowing to the outdoors can host parties of more than 200 guests and an executive office on the entry level is big enough for boardroom-scale meetings. There's a 10-seat cinema, games room on the lower ground level. And there are four bedroom suites, with three of them opening to balconies facing the harbour. The house, in the name of Sylvia Myers, was bought from billionaire businessman Brett Blundy in 2018, title records show. No price is indicated, though reports at the time put it in the $43m-$45m range. It adjoins a harbourside pathway to Queens Beach and there's an eight car garage with a turning circle. The current Rose Bay record is $55m for a Bruce Stafford-designed six-bedroom residence at 12 Dumaresq Rd, which sold in February.
