Anchor and McCarthy Stone have joined forces to plan an ‘affordable for all’ £40m retirement community in Sutton Coldfield, West Midlands.
The proposals for the town centre site consist of 138 retirement apartments, including 53 properties for sale for those aged 60 and over, and 85 affordable homes.
The development, expected to be subject of a planning application submitted later this year, will feature flexible care and support available on-site, indoor communal facilities, on-site car parking and high-quality landscaped courtyard and gardens.
Customers will be able to tailor the level of care they require to suit their personal circumstances and needs.
Those living in the development will have peace of mind knowing that help and support is on hand, if needed.
“We are delighted to be partnering with Anchor on this proposed development. Our plans provide a fantastic opportunity to deliver much-needed housing for older people across the affordability spectrum while also regenerating a central, brownfield site,” said McCarthy Stone chief executive John Tonkiss.
“The location is highly sustainable, close to local shops and services, and with public transport routes into Birmingham and across the region,” he added.
Anchor chief executive Jane Ashcroft said: “The changing needs of our ageing society mean demand for specialist housing and care is strong and growing across all price points. We have ambitious plans to provide more homes where people love living in later life and to do so more quickly.”
The development will be the sixth retirement community to be brought forward as part of the partnership between Anchor and McCarthy Stone, taking the total number of properties for older people that they will develop together to more than 600.
The partnership offers a range of tenures to meet different affordability levels among older people, including home ownership, shared ownership and social rent.
