Big Rock Starts Construction of $82M, 239-Unit CCRC Near Orlando

by Jeff Shaw

CELEBRATION, Fla. — Big Rock Partners has started construction of a luxury continuing care retirement community in the Orlando suburb of Celebration.

The project, which doesn’t yet have a name, has increased in size since it was announced last year. The $60 million development costs have increased to $82 million, and the 225 planned units have increased to 239.

The six-story community will sit on a nine-acre site, and is the only planned seniors housing development in Celebration, according to Big Rock.

Balfour Beatty is construction manager on the project, which is scheduled for completion in spring of 2018.

Gensler designed the community. Once complete, Life Care Services will operate.

Big Rock Partners is a private real estate investment management firm. The company is developing three large seniors housing projects in Florida right now, with a total development cost of more than $200 million.

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