ORLANDO, Fla. — Avalon Park has planned the construction of a 600-unit seniors apartment community, with construction slated to start later this year.
News
ST. AUGUSTINE, Fla. — Capital Health Group, LLC and Fortress Ventures, LLC have formed a joint venture to develop a 64-bed, market-rate memory care community on 9 acres of land located at 840 State Road 16 in St. Augustine. The land was purchased by the venture in December and the new facility is scheduled to open in the second quarter of 2016.
FT. MYERS, Fla. — On January 26, Senior Living Investment Brokerage, Inc. facilitated the sale of Hidden Oaks, located in Fort Myers, Fla., for $7.5 million. The 64-unit, purpose-built, community features 48 assisted living units and 16 memory care units. Bradley Clousing and Ryan Saul handled the transaction.