A large not-for-profit CCRC located outside of Hartford, Connecticut is expanding its independent living offering with a $68 million project. Set on a 125-acre campus in the town of Simsbury, the community, owned by McLean Affiliates, currently consists of 88 independent living units split between 48 apartments, 13 villas and 27 cottages. There are also 74 assisted living/memory care units and 89 skilled nursing beds, bringing the total to 251 units/beds across the property.
However, the expansion will add 55 new IL apartments while also taking away 12 cottages. The new units will average around 1,242 square feet in size, with monthly fees coming in at about $4,184 on average, which would be on top of an entrance fee that averages $278,000. A bistro and dining room with a patio overlooking the adjacent golf club owned by a related trust will also be built.
There is a pending bond issue by the Connecticut Health and Educational Facilities Authority that will fund the project. That may not be the last expansion, as the not-for-profit is eyeing a second project that would feature 50 or more new IL units. But the pending bond issue will not fund that second project.
