IRT has partnered with Capital Airport Group (CAG) to build independent living units, care suites and an integrated childcare centre to encourage intergenerational engagement and interaction.
The development will also feature a café and retail spaces that will be open to the public.
The four-year project will be built at Denman Prospect in Molonglo Valley, a new suburb 8km from the CBD.
CAG is currently developing Stage 1 and 2 of the development (around 3,200 homes in total) with the final suburb to include around 4,000 homes.