St. Louis-area-based Paric is set to begin a $4.6 million renovation project of an existing skilled nursing facility at the Village of St. Mary’s “Villa Theresa” Continuum of Care Retirement Community (CCRC) in O’Fallon, Missouri. The 51,000-square-foot skilled nursing facility renovation is expected to begin in February, with an estimated 10-month timeline for completion. Phase II of the housing development project, which includes renovation of approximately 21,000 square feet of existing space into 15 affordable apartment units for seniors began in October. Phase I was completed in September.  The project is a joint venture between The Sisters of the Most Precious Blood and McEagle Properties, LLC and The Lawrence Group serving as the architect.