Provectus Care to develop 9-storey beachside RV in Sydney’s south

Published on

Provectus Care has filed a development application for a high-rise luxury retirement village in a prominent site on Cronulla beach in Sydney’s south.

The property sold last year for $38.2 million, and is currently occupied by two blocks of red brick flats that date back to the 1950s.

Provectus plans to develop 37 two- and three-bedroom independent living residences, with indicative prices reportedly ranging from $1.5 million to $4.5 million.

Sally Taylor, director of Provectus’ retirement village arm, said they’d been working with the council for a year on the new 9-storey development, called Sage by Moran.

“We have been working with the council to really activate that corner,” she said.

“At the moment it is an eyesore. It definitely needs a beautiful centrepiece for Cronulla.”

Provectus was founded by Dr Shane Moran, previous chief of Moran Health Group.


About Author

The Weekly SOURCE is the leading media for retirement living and aged care businesses, delivering sector-specific news through four mastheads. Operating as part of The DCM Group, The Weekly SOURCE also provides a directory of proven sector specialists and an insights exchange.