Melb council to lure developer with half-price land
Public land valued at more than $7 million will be sold to a private developer for about half the market price, in a bid to encourage the development of an aged care centre.
Stonnington Council wants to sell the Bowen Street site in Malvern East to an aged care provider for about $3.5 million.
The council, which owns most of the site, is hoping 80 to 90 independent living units will be built on the land.
At present, the site contains a child care centre and a senior citizens’ centre run by aged care provider MECWA, a scout hall and a vacant building that housed a library.
![Dandenong Mayor [left] stands next to aged care resident and aged care staff member](https://agedcareguide-assets.imgix.net/news/articles/wp/belv__2204.jpg?fm=pjpg&w=370)
![Dandenong Mayor [left] stands next to aged care resident and aged care staff member](https://agedcareguide-assets.imgix.net/news/articles/wp/belv__2204.jpg?fm=pjpg&w=520&format=auto&q=65)
