Atria at Villages of Windsor, a Class A senior living rental community on the largest—and one of the last—entitled senior housing parcels in southern Palm Beach County, is now under construction, according to Big Rock Partners.
“In South Florida and across the nation, boomers’ higher expectations and desire for flexibility are driving demand for a new generation of senior living rental alternatives to traditional ‘buy-in’ continuing care retirement communities,” said Richard Ackerman, the company’s senior managing principal.
Big Rock Partners is developing the community on a 22.5-acre site near Lake Worth, in the Villages of Windsor planned unit development. Atria Senior Living will operate and market the community. Ventas is providing equity capital and will be the principal owner of the community in partnership with Big Rock. Wells Fargo is providing construction financing. The finance adviser is Walker & Dunlop.
The new community will offer 186 independent living residences, 78 assisted living residences and 54 memory care residences. Independent living and assisted living apartment residences will be located in a main one- to-three story building, with four wings around a central lobby and amenity core. The separate memory care building will provide one- and two-bedroom residences and its own gardens.
The resort-style design and amenities will include a tree-lined grand entry; large lobby; wide, light-filled central corridors that overlook a landscaped central courtyard; multiple dining choices; an auditorium; screening-room theater; fitness center; pool; salon; game rooms; and a multipurpose computer and library space.
