Ryman’s Mulgrave project approved

The Mulgrave development carries a c$200 million end value.

Ryman Healthcare has been given the green light to develop a $200 million retirement village on Mulgrave’s ex-c1963 St Mary’s Seminary.

Permission came after 10 months; being an amendment to a 2020 permit, only 12 objections were received.

Upon completion in mid-2024, it is expected to house over 300 residents.

A bar, beauty salon, bowling green, café, cinema and gymnasium also form part of the design.

The Mulgrave project is scheduled to open in 2024.

Ryman paid $30.08m for the 4.7 hectare block making way for the project, 62-94 Jacksons Road, last year.

Colliers’ Shalain SinghHamish BurgessJoe Kairouz and Chris O’Driscoll, were the agents.

Ryman at Mulgrave

The Mulgrave site will make way for seven buildings, between three and five storeys, accommodating 105 independent apartments, 54 serviced flats and a 60-bed aged care complex with low, high and specialist dementia care.

Upper level residences will capture Dandenong Ranges views.

Seventy single storey units will flank the northern, western and eastern boundaries.

The block is opposite Mirvac’s Waverley Park housing estate and walking distance to its Waverley Garden shopping centre (story continues below).

The Ryman proposal, from Jacksons Road.

Continuum of care

Ryman’s Mt Eliza project would replace the Melbourne Business School.

Ryman Australia chief executive officer Mr Holland praised the council acting so quickly to update the Jacksons Rd permit.

The project will adopt the company’s continuum of care model – blending independent retirement living units and serviced apartments with a aged care complexes offering home care services.

Patti Newton announcing a Ryman property will be named after late husband Bert.

“When we build a village, we’re putting down roots in that community for decades to come, so it’s really important we’re connecting the locals as soon as possible to ensure we get the best outcome for everyone,” he said.

“The Mulgrave village will provide an amazing option for older locals looking to downsize to the lifestyle they want, safe in the knowledge that they can remain in the same village community if their care needs change over time,” according to the executive.

New Zealand based Ryman established its first Melbourne centre, at Wheelers Hill, in 2014; now it accommodates over 900 residents in seven villages here.

Its development pipeline includes another seven projects, including at Coburg North, Essendon, Kealba, Mount Eliza and Ocean Grove. Another village under construction at Highett was recently named after late entertainer Bert Newton.

Mr Holland said the continuum of care model mirrors the reality of people’s ageing journey.

“People moving into an independent unit at this Mulgrave village will enjoy a fantastic retirement lifestyle, and have the peace of mind in knowing they’ll be looked after right where they are if they need more support down the track,” he added.

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Marc Pallisco

A former property analyst and print journalist, Marc is the publisher of realestatesource.com.au.