McCarthy & Stone granted planning permission for £21.6m scheme near Milton Keynes
McCarthy & Stone, the UK’s leading developer and manager of retirement communities, has been granted planning consent for a £21.6m development of 58 dwellings for the over 70s in Olney, Milton Keynes, having been successful at appeal.
The development will consist of 48 Retirement Living PLUS apartments across a range of tenures. It will also provide flexible domestic and personalised care and support packages from McCarthy & Stone’s on-site team, as well as an open-plan bistro, shared lounge, function room, wellness suite and guest suite.
In addition, the site will include 10 bungalows built to McCarthy & Stone’s Retirement Living specification aimed at the more active older homeowner, but which will also provide on-site support and maintenance for peace of mind as well as the option of care packages delivered from the Retirement Living PLUS care team.
The site is within the settlement boundary of Olney, a popular market town in the borough of Milton Keynes and close to the River Great Ouse, offering an excellent blend of country living while still being close to a unique mix of independent boutique shops and services. The design of the development respects the local vernacular and incorporates areas of stone walling in keeping with the traditional material used within Olney town centre, less than a mile away.
Gary Day, McCarthy & Stone’s Group Land and Planning Director, commented:
“We are delighted to have been granted planning permission for this exciting new development, increasing the choice of private apartments and bungalows for local older people. There is significant appetite across the UK for downsizing to a home that is easier to maintain and which helps keep people independent, yet there remains a vast undersupply of suitable options.
“Customers who choose to live in these high-quality dwellings in the attractive location of Olney will have the opportunity to live an independent lifestyle, while also having the flexibility to opt for care packages and support as required – something that has proven to be invaluable to many of our homeowners and their families during the recent pandemic.”
Construction is set to start in early 2021.