Big Rock Partners and joint venture partner Millennium Real Estate Group, announced plans to begin construction of a $25 million upscale senior living rental development in Port Royal in early 2016.
“As the economic upswing brings an influx of retirees and tourists to the Lowcountry and resort islands, we’re moving ahead with the Port Royal/Beaufort area’s first new senior living rental community in over 15 years,” Dean K. Morrissey, Managing Member for Corporate Development said. “Big Rock’s deep expertise in all aspects of senior housing development makes them the ideal partner to create this latest anchor in Port Royal’s redevelopment.”
The joint venture partners have assembled a best-in-class team to design, market and operate the Port Royal senior living community, with completion projected by early 2017. Winston Salem-based CJMW Architecture is designing the community to include 126 rental residences – 60 independent living and 45 assisted living apartments, plus a 21-unit memory care section. America’s third largest senior living management company, Life Care Services™, an LCS® company, will operate and market the community.
On-site amenities will be geared to comfort and an active lifestyle. They will include a fitness center and a range of dining options, including a bistro-style café. Outside, the focus will be on a gracious, walkable design, with garden areas and pathways among the Live Oaks. The site’s walk-to-everything convenience will be a key to keeping residents engaged in Port Royal’s lively community scene, from street festivals to bird sanctuaries.