A new retirement village is set to be built in Ngunnawal following the lodging of a development application for the project.
The village will be the second foray into the ACT retirement market for multinational development company Lend Lease.
The application proposes 161 single-level independent living villas and a clubhouse for the six-hectare site adjacent to the Gold Creek Homestead.
The company purchased the site from the ACT government for $7.51 million in late 2012.
The general manager of Lend Lease's Retirement Living Development business, Simon Pagett, said while the condition of sale permitted up to 225 units, the company had decided to keep the complex single level and build villas instead.
"Our experience is a lot of our residents are coming from large homes. To then move from this to an apartment is a very big step," he said.
"[Villas are] probably a more acceptable step to make for the majority of people."
Mr Pagett said single-level living was more appropriate for the Gungahlin site. The proposed clubhouse includes a community centre, library, meeting rooms, pool tables, a bar/cafe, dining and barbecue areas, and a Wellness Centre with indoor heated pool and a gymnasium.
Mr Pagett said the company hoped to begin construction in September and the first homes should be available mid-2014.
The Gungahlin retirement village is expected to be completed in 2019. Construction began on Lend Lease's first retirement village in Isabella Plains in February.