Now, Mather LifeWays is getting in on the action.
The Evanston, Illinois-based company is planning to build a 668,435-square-foot life plan community in Tysons, Virginia, according to a report from the Washington Business Journal. The community, which is expected to open in 2022, will consist of two towers—one that’s 18 stories tall and one that’s 27 stories tall—with 300 independent living units, 78 assisted living units, skilled nursing beds and memory support.
As planned, the towers will have outdoor terraces on three different floors, as well as street-level plazas, private gardens and a large, private lawn for activities and events.
The upcoming community is also set to feature more than 18,000 square feet of restaurant and retail space.
“We are excited about our plan to build a life plan community in Tysons,” Mather LifeWays President and CEO Mary Leary told the Washington Business Journal. “Tysons is fast becoming a centrally located lifestyle hub that offers unique residential, cultural, dining, and transportation options.”
Life plan communities (sometimes called continuing care retirement communities, or CCRCs) were once considered ideal senior housing options for city centers—but then the recession hit, and some urban CCRCs, like The Clare in Chicago, suffered.
Now that the economy has bounced back from the financial crisis, however, CCRCs have begun opening in cities once again.
Written by Mary Kate Nelson