Goochland County is getting in on the senior housing boom.
Atlanta-based Landbridge Development is setting its sights on the eastern part of the county for an $11 million assisted living facility – its second such project in the Richmond area.
Plans call for the construction of a 33,000-square-foot facility devoted to residents with Alzheimer’s disease and dementia. It will be built on a 7-acre parcel just east of the Notch at West Creek development and across Broad Street from Atack Property’s Broad Hill Centre development.
Jim Theobald, an attorney with Hirschler Fleischer, is representing Landbridge as it goes through the county’s review process. The planning commission has given its approval to the plans, and they are set to go before the Board of Supervisors today.
“We’ve had a very warm reception from Goochland,” Theobald said. “Goochland hasn’t experienced that (senior living boom), but it’s all moving in that direction, toward western Henrico.”
A rendering of Landbridge’s planned facility.
Hunton Park Land Partners, an affiliate of Atack Properties, owns the parcel and is working with Landbridge through the review process.
Atack had purchased the vacant land in order to tap into a sewer system for Broad Hill Centre, Theobald said. The company was then able to find Landbridge to develop the property.
The plan is for Landbridge to purchase the parcel once approval is secured and start a 10-month construction process in the spring of next year. The facility would open in early 2017.
Goochland’s most recent assessment valued the land at $1.3 million.
The plans are similar to a Landbridge facility that’s planned for the 640-acre Watkins Centre development in Chesterfield County. That project recently received final approval from the county.
The projects are part of the Memory Care Centers of America, a new venture between Landbridge and another Atlanta-based entity, RHA Health Services. They have developed a handful of these facilities throughout the country so far.
A principal with Landbridge did not return requests for comment by press time.
Plans show that the facility will hold up to 64 beds and require around 30 employees. About 5 acres of the site will be kept as open space and may be part of a growing trail system that Goochland is working to develop along that stretch of Broad Street.
The facility will join a few other medical practices in the area, including those already settled into the West Creek Medical Park and Bon Secours at Broad Hill Centre.
Landbridge’s two new area facilities will join a slew of senior living projects that have recently hit the local market, including Manorhouse Assisted Living, Bickford Senior Living, HHHunt, Commonwealth Assisted Living and Greenfield Senior Living.
Theobald said the influx of facilities is attributable to several factors.
“There’s a combination of the aging baby boomers and the demand for this type of product, along with the availability of financing,” Theobald said. “I’m not sure whether we’ve reached the saturation point or not.”
Goochland County is getting in on the senior housing boom.
Atlanta-based Landbridge Development is setting its sights on the eastern part of the county for an $11 million assisted living facility – its second such project in the Richmond area.
Plans call for the construction of a 33,000-square-foot facility devoted to residents with Alzheimer’s disease and dementia. It will be built on a 7-acre parcel just east of the Notch at West Creek development and across Broad Street from Atack Property’s Broad Hill Centre development.
Jim Theobald, an attorney with Hirschler Fleischer, is representing Landbridge as it goes through the county’s review process. The planning commission has given its approval to the plans, and they are set to go before the Board of Supervisors today.
“We’ve had a very warm reception from Goochland,” Theobald said. “Goochland hasn’t experienced that (senior living boom), but it’s all moving in that direction, toward western Henrico.”
A rendering of Landbridge’s planned facility.
Hunton Park Land Partners, an affiliate of Atack Properties, owns the parcel and is working with Landbridge through the review process.
Atack had purchased the vacant land in order to tap into a sewer system for Broad Hill Centre, Theobald said. The company was then able to find Landbridge to develop the property.
The plan is for Landbridge to purchase the parcel once approval is secured and start a 10-month construction process in the spring of next year. The facility would open in early 2017.
Goochland’s most recent assessment valued the land at $1.3 million.
The plans are similar to a Landbridge facility that’s planned for the 640-acre Watkins Centre development in Chesterfield County. That project recently received final approval from the county.
The projects are part of the Memory Care Centers of America, a new venture between Landbridge and another Atlanta-based entity, RHA Health Services. They have developed a handful of these facilities throughout the country so far.
A principal with Landbridge did not return requests for comment by press time.
Plans show that the facility will hold up to 64 beds and require around 30 employees. About 5 acres of the site will be kept as open space and may be part of a growing trail system that Goochland is working to develop along that stretch of Broad Street.
The facility will join a few other medical practices in the area, including those already settled into the West Creek Medical Park and Bon Secours at Broad Hill Centre.
Landbridge’s two new area facilities will join a slew of senior living projects that have recently hit the local market, including Manorhouse Assisted Living, Bickford Senior Living, HHHunt, Commonwealth Assisted Living and Greenfield Senior Living.
Theobald said the influx of facilities is attributable to several factors.
“There’s a combination of the aging baby boomers and the demand for this type of product, along with the availability of financing,” Theobald said. “I’m not sure whether we’ve reached the saturation point or not.”