Life Care Services (LCS), together with local companies Villaggio Communities, John Madonna Construction and RRM Design Group, announced plans to build a 350-unit entrance fee CCRC in San Luis Obispo, California (located about halfway between Los Angeles and San Francisco) as part of a $500 million mixed-use project that would cater to seniors. In addition to the CCRC, which would be the first in its county, the project will include between 150,000 and 350,000 square feet of commercial retail space, 200 apartments and 60-100 single-family detached homes. Villaggio Communities, a seniors housing developer, is in the process of acquiring 111 acres from John Madonna Construction. The proposed project is modeled after the University Village in Thousand Oaks, a CCRC managed by Des Moines-based LCS, which will also be taking on operations at the new project, expected to open in 2018. It will be built in phases: the first costing more than $100 million and the second, contingent on the success of the Phase I, costing $150-$200 million.
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