Plans revealed for £40m retirement community | Midlands property news
Plans have been revealed for a £40million retirement community in Sutton Coldfield with the intention of providing nearly 140 homes.
The development will be the sixth to be featured as part of the partnership between Anchor, a non-profit specialist housing and care provider, and McCarthy Stone, a developer and manager of retirement communities.
The proposals, located in the town center on the former Royal Works site, would provide a total of 138 apartments for retirees, including 53 properties for sale for people aged 60 and over, and 85 affordable housing.
John Tonkiss, managing director of McCarthy Stone, said: “The plans offer a fantastic opportunity to provide much-needed housing for older people across the affordability spectrum while regenerating a central brownfield.
“The location is highly sustainable, close to local shops and services, and with public transport routes to Birmingham and throughout the region.”
Jane Ashcroft, Managing Director of Anchor, added: “The changing needs of our aging society mean that demand for specialist housing and care is strong and growing at all price points.
“We have ambitious plans to deliver more homes people love to live in later in life, and to do so faster. We want to work with a range of partners to meet this demand and support the government’s goal of more accessible housing for the elderly.
“Our partnership with McCarthy Stone will help us achieve these goals.”
A planning application is expected later in 2022.