Family-owned developer Hyecorp has made its move into aged care with the opening of 47 luxury care suites and 111 retirement living units in Sydney’s lower North Shore.
A new $400 million integrated community has opened in Willoughby, bringing together retirement living, aged care, retail and medical services, with a 2,000 square metre memorial park.
Completed in October 2025 and opened in May 2026, the vertical village was developed by family-owned developer Hyecorp. It marks the company’s first move into aged care.
The development on Sydney’s Lower North Shore features 111 Hyegrove retirement living apartments and 47 HyeCare suites across three levels, which include lounge rooms with fireplaces and TVs, kitchens, smart nurse call technology and outdoor spaces.
The HyeCare suites provide private aged care, offering low to high care, palliative and end-of-life care and dementia care in small-scale homes.
Of the 111 retirement living apartments, 97 have sold, with prices ranging from $1.17 million to $4.75 million. Hyegrove residents have access to:
- concierge services and 24/7 security
- an indoor heated pool and spa, sauna, steam room, gym, yoga and Pilates studio
- arts and crafts, a cinema and tinker room workshop
- hair and nail salon
- a library, members lounge and games room
- a private dining room
- a café and bar and rooftop entertaining areas
- landscaped gardens and walkways.
Hyecorp managing director and HyeCare chair Stephen Abolakian said the precinct was designed to help people age with “dignity, connection and choice.”
Through the integrated care model, Hyegrove residents are able to access HyeCare Home Care while the collocation of Hyegrove and HyeCare allows one partner to remain in an independent living apartment and the other to move into a HyeCare suite and easily see each other.
“What is most important to us is that this is now a lived experience for residents and families. People are living here, the club is operating, care is being delivered, and the community is already using the precinct and memorial park,” said Mr Abolakian.
“We believe Heart of Willoughby offers a compelling blueprint for how established suburban sites can be reimagined to meet the needs of an ageing population while strengthening the social and economic life of the surrounding community.”
As part of the development, Hyecorp partnered with Club Willoughby on a $95 million upgrade that allowed the 56-year-old site to deliver a contemporary new facility and secure its future without losing its ex-services legacy. The club retains ownership of the land but a long-term lease has been granted to Hyecorp.
Planning for the club redevelopment spanned 10 years, receiving development approval in February 2021.
Mr Abolakian said the partnership meant the club was able to avoid selling its land or walking away from its legacy.
“The club brought decades of community history and a clear sense of purpose. We brought development and operational expertise and a commitment to remain a long-term neighbour on this site,” he said.
“Together we have been able to turn ageing assets into a precinct that generates sustainable income for the club and delivers real social infrastructure for the Willoughby community.”
The revamped club features a bistro, alfresco dining, sports bar, venue and meeting rooms for community groups and special events, and a Chinese seafood restaurant to come soon.
Source: Australian Agening Agenda