LCB Senior Living has already established itself as a luxury provider of assisted living/memory care services in New England, with 11 communities in Massachusetts, three in Vermont, two each in Connecticut and New Hampshire, and one in Rhode Island. The developer also has two construction projects in Massachusetts and one in New Hampshire. But now, LCB is taking its luxury brand to the high-income and high-cost Fairfield County for the first time, with two developments in Stamford and Darien, Connecticut (both about 45 miles from New York City). In June 2016, LCB purchased a one-acre parcel near downtown Stamford and is currently building a seven-story, 104-unit assisted living/memory care community, which it hopes to open in 2018.
Expanding on that, LCB announced this month that it completed the purchase of a four-acre lot with a former office building on it in Darien (adjacent to Stamford). The company plans to renovate the existing 25,000-square foot, two-story building and add an additional 75,000 square feet. Upon completion in summer 2018, it will feature 100 units of assisted living and a new parking lot underneath the new addition. The property is ideally located next to a nature preserve and several public walking trails. NAI Signature Group represented LCB and the seller, Parklands Office Park, LLC, in the transaction. The Darien community joins two other luxury competitors (Atria Senior Living and Maplewood Senior Living) already operating in town, and operating well we hear.
