Spearheaded by Rossmoyne Waters, the Webb Street aged facility formerly featuring high-care facilities and low-care homes will be developed into an 86-unit over 55s residential facility.
Named Australis, the development aims to meet the needs of retiring baby boomers, who statistically prefer a more active form of retirement living.
Adventist Care chief executive Gary Blagden said the approval was welcome after months of false starts.
Get in front of tomorrow's news for FREE
Journalism for the curious Australian across politics, business, culture and opinion.
READ NOW“Some delay was caused due to the changing requirements to fire safety regulations following WA’s more recent, devastating bushfires,” he said.
“However, we are excited and glad to see that the hard work put in has paid off.
“We are confident that many retirees will be able to benefit from this exciting development.”
The eight-storey building will feature a heated pool, spa, gym, sauna, lawn bowls green and cafe.
According to McCrindle Research, by 2020 there will be more 65-year-olds than one-year-olds and there will be as many people aged 60-70 as there will be aged 10-20, making the population pyramid inverted and putting a demand on retirement living.
Works are expected to begin early this year.