Spieker Senior Development Partners broke ground on a major CCRC project in Woodland Hills, California, about 25 miles northwest of Los Angeles. Wisteria at Warner Center will feature six stories on 17 acres, with a total of 695 units, the vast majority of which would be reserved for independent living residents. In addition to the independent living, assisted living, memory care and skilled nursing services, the community will include over 1.1 million square feet of medical office space. Entrance fees will start in the $500,000s and surpass $1 million for the larger penthouses, which can reach nearly 3,000 square feet.
KTGY designed the project, and W.E. O’Neil Construction is the contractor. Completion is scheduled for 2025. No construction costs have been disclosed, but given the community’s location, we can guess it is higher than the average CCRC development.
