BRIDGEWATER, N.J. — LCS has secured construction financing and broken ground on of The Delaney of Bridgewater, a new seniors housing community in Bridgewater, approximately 45 miles southwest of Manhattan.
Totaling 262,000 square feet, the property will be the fifth under the Delaney brand for LCS and the first outside Texas. When complete, the community will offer 122 independent living apartments, 15 freestanding villas, 56 assisted living units and a 32-unit memory care neighborhood.
The community is slated to open in the fall of 2020. Financial terms were not disclosed, though BMO Harris was involved in the construction financing.
“We conducted extensive market research and believe the Bridgewater market area is well-suited for this type of senior living community,” says David Laffey, senior managing director for LCS Real Estate. “The Delaney of Bridgewater is the fifth community in the portfolio and we are thrilled to partner with BMO Harris on another opportunity.”