Developer starts leasing luxury rentals for seniors

Big Rock Partners expects to finish building Atria at Villages of Windsor in fall

Feb.February 26, 2017 03:00 PM

Atria at Villages of Windsor rendering

A California-based developer has started leasing luxury apartments at a senior housing development near Lake Worth.

Big Rock Partners opened a welcome center for Atria at Villages of Windsor, a 320-unit development on a 22.5-acre site at the intersection of Lyons Road and Hypoluxo Road.

The Beverly Hills, California-based company expects the development’s 186 independent-living units to be ready for occupancy in summer and its 80 assisted-living units and 54 memory-care units to open in fall.

Monthly rents are in the $4,000-to-$11,000 range for independent-living units, the $4,200-to-$5,750 range for assisted-living units and the $5,000-to-$6,000 range for memory-care units.

The rents at the senior housing development cover the cost of meals, housekeeping, transportation and other services. Big Rock Partners has collected deposits on more than two dozen apartments so far.

The $105 million development will feature chauffeured car service, a movie theater and a full-time concierge.

In a prepared statement, Richard Ackerman, the senior managing principal of Big Rock Partners, said Atria at Villages of Windsor is designed to make residents “feel like valued guests at a five-star resort.” [Sun-Sentinel] Mike Seemuth

Related Articles

The Meridian at Boca Raton at 21865 Ponderosa Drive, and Kenneth Assiran

Meridian Senior Living buys community near Boca Raton for $61M

Gold Standard of Care’s CEO Michael Verbitsky and 6026 Old Congress Road

Gold Standard of Care sells senior housing facility in Lake Worth

Savona Grand Apartments at 7045 Colony Club Drive, Greystar CEO Bob Faith

Apartment giant Greystar sells complex near Lake Worth for $48M

Discovery Senior Living buys site in West Palm Beach

Baptist Health enters joint venture to develop senior living center in Coral Gables

Miami-based buyers pay $13.5M for senior housing high-rise in downtown Clearwater

Aventura senior living facility sells for $23M

Money-losing golf courses can club the values of nearby homes