Ryman Healthcare’s bid to build a $95 million retirement village in Mount Martha, VIC, on

Ryman Healthcare has put its Moondah mansion site in Mount Martha, 68km south of Melbourne’s CBD, up for sale after trying for nearly five years to build a retirement village and a care home for the elderly.

Victoria Civil and Administrative Court in January last year rejected the operator’s plan to construct a three-storey building on the 19,547m² site, consisting of 70 apartments, 37 assisted living suites and 116 bedrooms care for the elderly.

VCAT felt the project was too excessive and would “harm” the ambience of the area, and Ryman submitted amended plans that reduced the number of assisted living units and apartments.

However, the company decided to cut its losses on the plan, which would have injected around $10 million a year into the region. Ryman paid the University of Melbourne nearly $40 million for the site in 2016.

Debra Richardson, Ryman Healthcare’s director of sales and community relations, said the decision to pull out of the plan was “disappointing” for the company.

“We purchased the property nearly five years ago and were extremely excited to provide the community of Mount Martha with a world-class retirement residence and aged care facility,” she says.

“Unfortunately, local decision-makers did not share this enthusiasm.

“While the demand for high-quality elderly care in the region is acute and growing, the planning path to making the village a reality has become increasingly tense and uncertain, and the project is no longer viable. “

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