Summerset Group has been granted resource consent for a $100 million village in the Christchurch suburb of Casebrook.
Construction of the 237-home site across 9.7ha is expected to begin in 2017, and is Summerset's second in the country's second-biggest city, the company said.
The village will include a 49-bed care centre, providing rest home and hospital-level care.
"Casebrook is in a great location, bordering a reserve area in an established residential location, with great access to shops and local amenities," said chief executive Julian Cook. "Our Wigram village is proving to be popular and we are very encouraged by the positive reception from people in Christchurch."
Retirement village operators are acquiring land and preparing for a record building spree in anticipation of increased demand as people born in New Zealand's post-war era reach the target age for operators.
