Senior living provider TLC Management and real estate development company Leo Brown Group recently broke ground on a $17 million senior living community in Newburgh, Indiana.
The project, named The Village at Hamilton Pointe, will offer a full continuum of senior care, allowing residents to age in place thanks to the campus’s multiple senior living options.
The campus will feature 24 independent living units; a 53-unit Assisted Living Center with 20 units allotted to memory care in a separate wing; a therapy center for residents seeking short-term rehabilitation; and 115 skilled nursing beds for residents requiring constant care.
Now that construction has begun, residents are expected to move into The Village at Hamilton Pointe in the summer of 2012. When complete, the community is expected to create more than 160 new jobs.
The project has been financed through a conventional loan with a regional bank based in central Indiana, said Mike Wagner, Vice President of Leo Brown Group. Residents of the skilled nursing and rehabilitation portion of this project will utilize Medicare, Medicaid, or private pay and the assisted living, memory care, and independent living portion will be private pay.
Written by Alyssa Gerace