University Affiliated Retirement Communities Growing In Numbers

The trend of university affiliated senior housing continues to grow and a new community called Limestone Crossing by the University of Kentucky is being developed by Jacksonville, Fl based Praxeis.  Praxeis has University Of Kentucky Retirement Communitycommunities at the University of Florida and Florida State University and has plans for a third Florida location.  The project is classified as a "Life Fulfilling Community™, a revolutionary new concept in post-retirement living that lets you pursue all of your life’s passions" but is traditionally structured like many continuing care retirement communities (CCRC).  

The community provides learning opportunities affiliated with the University of Kentucky and access to quality health care professionals associated and affiliated with the University of Kentucky.  Limestone Crossing has been funded through a $193 million dollar, tax-exempt municipal bond offering.  The project, scheduled to open in 2011, has 264 deposits for the 270 units planned at the facility.  No word on whether the resident at the facility will get priority access to season tickets for University of Kentucky Wildcat basketball.

 

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