Even though weather has not been cooperating, we have been able to level the area where the construction and marketing trailers will be set. The construction entrance from the main street has also been installed.
PROJECTED CO: TBD
PROGRESS NOTES BY TRADE:
Earthwork – Weather permitting, the construction and marketing trailers will be placed next week. The excavators have staked the land and are ready to move dirt once the ground dries up from the heavy rains. They will be grading out the berm section as well.
(Franklin, TN –
November 28, 2018) – LifeCenters Communities,
LLC announces the closing of the initial phase of Wellpoint at Hampton Cove
located in Huntsville, Alabama. The
Project is being co-owned and co-developed with DMK Development Group, LLC of Louisville, KY and includes the
development of a mixed use senior living center totaling 190 resident units. These include independent living (114 units);
assisted living (50 units); and memory care programming (26 units).
The senior living
center capitalization totals nearly $40MM and includes development financing of
approximately $28MM secured through Renasant Bank of Birmingham, AL. Equity capital of nearly $12MM was sourced
from a consortium of investors led by DMK Development Group with the formation
of Hampton Cove Health Partners, LLC. Construction
development activities have commenced and are projected to be completed within
eighteen (18) months.
The community master
plan development led by LifeCenters extends to including a progressive wellness
center; a residential village community; and a boutique hotel. “Our planned community prototype is
uniquely responsive to emerging trends in senior living” cites Joseph
McCarron, CEO of LifeCenters. “Our
objective is to deliver a highly integrative community that remains connected
to the broader community while fostering wellness through engaging lifestyle
and service offerings – coupling hospitality with care”.
Leveraging “Best in
Class” collaboration, LifeCenters has partnered with Charter Senior Living, LLC
of Naperville, IL and Hutchison
Consulting, LLC of St. Louis, MO. “Charter
Senior Living’s mission and values align incredibly well with the elevated
approach of Wellpoint at Hampton Cove, including high standards, a focus on
living and loving life, and a personal care approach”, explained Keven
Bennema, CEO of Charter Senior Living. Hutchinson
Consulting will lead recruitment as well as the program integration of
hospitality and wellness services across the Wellpoint Community campus. “As
partners in the Wellpoint vision, Hutchinson Consulting will ensure the latest
advances in wellness and the top talent in the industry are found at Hampton
Cove, “said Michael Tompkins, Partner at Hutchinson Consulting. “My
partners and I are thrilled to be part of such an innovative project.”
Situated on 20 acres
in the picturesque mountain valley of Hampton Cove and adjacent to a Robert
Trent Jones golf course, Wellpoint at Hampton Cove will be the first of a
series of planned communities to be sponsored and developed by LifeCenters.
Wellpoint Community project being sponsored and developed by LifeCenters is
underway in Murfreesboro, TN with targets in other southeast regional markets.
About LifeCenters Communities, LLC:
LifeCenters is a real estate development company with
extensive executive and associate experience in the Senior Living, Spa and Hospitality
Industries. Our formative emphasis is on the emergence of Planned Wellness
Communities anchored by the confluence of senior living, integrative medicine,
boutique hospitality and residential neighborhood interests.