Wellmore of Tega Cay, a $35 million project now under construction in Tega Cay, South Carolina (a suburb of Charlotte, North Carolina), and the flagship community for CNL Healthcare Properties’ new Wellmore brand, will open in summer 2015. The nearly 150,000-square-foot campus will offer 152 residential units (assisted living, memory care, and skilled nursing) in six buildings and a 25,000 square foot clubhouse and wellness center—a feature of the Wellmore brand. Maxwell Group, Inc., a Charlotte-based management company, will operate Wellmore of Tega Cay upon completion.
As the brand name implies, Wellmore communities focus on nationally recognized wellness initiatives aimed at extending and improving the lives of seniors. Wellmore is the only proposed retirement community brand on the market that employs “purpose-based wellness programming, which arms older adults with a nonclinical, cost-effective way to maintain their independence as they age,” according to Donald Thompson, Maxwell Group’s CEO for Wellmore.
Wellmore of Tega Cay is the first of 10 Wellmore communities planned for development throughout the Southeast, including at least one more in South Carolina. In February 2014, Red Capital Partners, LLC closed a $26.2 million non-recourse construction loan for the Tega Cay project.