Multi-million dollars for ‘Grove’
By Sonia Isaacs
ONE of Maleny’s best known retirement villages, Maleny Grove is set to have a major multi-million dollar overhaul with plans to triple the current number of dwellings, and construct a new five-star community centre over the next three years.
Reside Communities, a specialist operator and developer of retirement communities in south east Queensland, has acquired Maleny Grove, with plans to invest in significant improvements.
This will be the operators first community to be established on the Sunshine Coast.
Pending development approvals, the Maleny Grove expansion is forecast to commence in late-2024 with completion planned in 2027.
Currently the established retirement village consists of 28 dwellings, with limited amenities. Reside Communities plans to add 66 luxury villas, for a total of 94, and build a new five-star community centre.
Reside Communities CEO and Co-founder, Glen Brown, said the acquisition was an exciting milestone for the group.
“We’re looking forward to adding Maleny Grove to our growing portfolio of high-quality villages and delivering on our promise of improving living options and access to wellness amenities for residents,”
Mr Brown said.
“Maleny is a popular retirement destination with many local and interstate retirees moving to this beautiful pocket of Australia, so it’s important that the quality of living options for our seniors aligns with demand.
“We will be working closely with current Maleny Grove residents and the community to create a new standard of living that exceeds expectations.”
Further details, including artist impressions of the proposed new homes and community centre, will be released later in 2024.