Another Sydney sports club looks to retirement living to boost their coffers

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Ryde Eastwood Leagues Club has lodged an application to redevelop 10 homes near its West Ryde headquarters as seniors’ housing that would include changes to allowed building heights.

The Club recorded a profit of $22M this year after selling its Eastwood restaurant and three adjoining properties and general manager Chris McCarthy recently told members the property redevelopment would help to create new revenue streams.

It’s one of several retirement village projects being championed by clubs in Sydney. Gladesville RSL has been given approval for a 10-storey seniors’ housing project while construction is currently underway on the Penrith Panthers Leagues Club village.