Just outside of Cincinnati, in Fort Mitchell, Kentucky, plans have been initiated to build a 262-unit entrance fee CCRC. In charge of the development is Greenbrier Development, a Dallas-based seniors housing consulting group and developer. They are partnering with Brandicorp and St. Elizabeth Healthcare, which intend on investing between $20 million and $25 million into the development. The first phase of the development is expected to cost upwards of $200 million, or $760,000 per unit.
This will be Greenbrier’s first ground-up development in the region. The structure of the community will comprise 196 independent living units, 18 assisted living units, 24 memory support units and 24 skilled nursing units. With the intention of bringing a “resort style” atmosphere to the area, the community will have about 28,000 square feet of amenity spaces, including the dining spaces, a swimming pool, fitness center, a yoga room, and multipurpose rooms for gatherings and performances. The developers also plan to add apartments, restaurants, retail and potential office space to the property.
The goal is to start construction starting next year, once the community reaches 70% presales, with a targeted opening in 2027.
