DURHAM, N.H. — The RiverWoods Group has broken ground on RiverWoods Durham, a 222-unit continuing care retirement community (CCRC) in Durham, located in the Southeast corner of the state near the coast.
RiverWoods already operates two nonprofit CCRCs in New Hampshire.
The new property will feature 150 apartment units and a 72-bed healthcare center on an 11-acre site. The units were 100 percent pre-sold in just 29 days, which RiverWoods claims is a record.
TD Bank and SunTrust Bank were co-lead lenders, with People’s United Bank as a participant, in the funding of the project. LeCesse Construction of New York is managing the construction, with a scheduled completion of late 2019.