Zom is diving into senior living.
The apartment developer just picked up vacant 46-acre parcel in Wellington for $23.25 million, where it’s planning a $180 million senior-living complex along with joint venture partner Liberty Senior Living.
Wellington Green would be the first senior living complex Zom develops, according to a release. Property records show the joint venture financed the deal with a $16.8 million loan from CB&S Bank.
Devonshire at Wellington Green, led by hotelier William A. Meyer, sold the lakefront property at 2735 Nucare Lane with entitlements to build a senior living complex.
Once completed, the project will feature 424 units, which will be a combination of single-story villas with attached garages, three-story garden-style rental buildings and six-story residential buildings. Plans also include a two-story, 65,000-square-foot clubhouse, indoor and outdoor swimming pools, a wellness center and theater.
Wellington Green will overlook a 90-acre lake and will be built next to The Mall at Wellington Green.
Zom Living and Liberty Senior Living expect to break ground on the first phase, 267 independent-living, assisted-living and memory-care units, during the first quarter of next year. LS3P Architects and MSA Architects designed the project.
It marks the first project in Florida for Liberty Senior Living, a subsidiary of North Carolina-based Liberty Healthcare.