The property sold Tuesday for $23.25 million to Wellington Senior Housing Prop Co LLC, according to a deed recorded with the county.
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The first phase of the project will offer 267 independent living, assisted living and memory care units, according to the news release. Once complete, the project will have more than 420 units.
There also will be a 65,000-square-foot clubhouse with dining venues, swimming pools, a spa and salon, game rooms and a theater. Construction is slated to begin in the first quarter next year.
This is the first senior-living facility for ZOM. Over the last four decades has developed nearly 20,000 apartment units in the U.S.
“We formed ZOM Senior Living to capitalize on this growing segment of the renter pool. We plan to to offer the same thoughtfully designed living spaces, amenities and broad array of services to our senior residents, as we provide in our traditional market rate rental communities,” ZOM Living CEO Greg West said.
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Once Approved, the community will have single-story villas with attached garages and three-story flats. Residences also will be available to rent in a six-story building attached to the clubhouse, the companies said.
This is the first Florida project for Liberty, company Chief Development Officer Will Purvis said. “The large size of the Wellington site gives us the opportunity to create a unique resort style senior’s community. Being in close proximity to well-established retail shops and dining venues,” he said. “We have ability to create a number of different residential formats and levels of health care services, and to maintain significant green space for the enjoyment of all of our residents.”
The developers have submitted a site plan to Wellington for approval, Planning, Zoning and Building Director Bob Basehart said. Village staff members have reviewed the plan and issued comments, and are waiting for the application to be resubmitted.
The plan does not need to go before the Village Council for approval. Once approved, the exterior design of the buildings will need to go to the village’s Architectural Review Board. The site plan was OK’d by Wellington’s staff in 2006.