What do you do with a former copper mill that once produced 25% of the world’s copper but also produced substantial toxic waste? Well, after 30 years of remediation and being removed as an EPA Superfund site, you build a luxury senior living community, of course. That is exactly what San Diego-based PMB, a healthcare real estate developer and GenCare Lifestyle are planning in Tacoma, Washington.
The two companies are developing GenCare Lifestyle at Point Ruston, a 144,000 square foot retirement community with 155 units. It is located in a mixed-use waterfront resort-inspired village on the southern edge of Puget Sound in Point Ruston, a master-planned urban village.
Working with PMB and GenCare are MultiCare Health System, DispatchHealth, Olympic Sports & Spine and other community-based resources to bring a new platform of care called GenCare Whole Life Connect. It is a fully integrated model of medical care, health and wellness resources and a care concierge infrastructure directly to the residents in their homes. PMB partnered with Harrison Street to finance the development, together with City National Bank.
Turning Wellness Into Gold
The community opened this month and provides independent living, assisted living and memory care options. But within all the traditional aspects of senior living, the GenCare Whole Life Connect model shifts the traditional patient-centered healthcare construct to a resident-centered wellness construct. It will be proactive, preventative and prescriptive in its approach to health and wellness. Much of it focuses on GenCare’s Whole Life Living Vitality, Stay Sharp, Culinary and Live with Purpose programming. The meals are 95% organic and certified gluten-free, for those who care.
Joining PMB on the project team are Madison, Wisconsin-based architectural firm ERDMAN and design consultant Wattenbarger Architects of Bellevue, Washington. Also working with them were interior designers ERDMAN and Edmonds, Washington-based Husted Design, and Tacoma-based general contractor MC Construction. PMB has developed over 100 healthcare and senior living properties.
