Holiday by Atria’s The Virginian is an 118-unit independent living apartment complex near Bon Air. (Photo courtesy of Holiday by Atria)
A local retirement home’s ongoing renovation is among the first and largest investments being made as part of an update of the operator’s nationwide portfolio.
The Virginian, which houses 118 independent living units at 300 Twinridge Lane in the Bon Air area, recently got started on a $2 million upgrade project focused on the property’s fitness and common-area amenities.
The upgrades are in part a response to changing habits among the property’s senior-aged residents and prospective residents, according to Lee Young, a senior vice president with Holiday by Atria, which manages the complex.
“We’re reinvesting back into the properties and taking the time to reinvent these common spaces for our residents. We have noticed that seniors today are more active longer and are more social,” Young said.
A rendering of the atrium renovations planned at the Virginian.
The project is planned to include an expanded gym, a new bar with a game room, and new furniture and lighting in dining areas, among other improvements. The project isn’t expected to alter the 95,000-square-foot footprint of the development, which was built in 1989.
Construction began in September and is slated to finish early next year.
The Virginian’s units consist of studio and one- and two-bedroom apartments. Rental rates start at about $2,800 a month, per the company’s website.
The local renovation comes as part of the first wave of renovations across Holiday by Atria properties. The nationwide project is expected to touch more than 200 properties and play out over the next several years, Young said.
“We’ve been a part of that Richmond market for decades. As we started to prioritize different communities, the Virginian ended up at the top of the list,” he said.
The Virginian renovation is among the larger investments being made as part of the overall project. Young said the fine details of individual projects will vary, but a common thread is a desire to update common spaces across those properties.
The renovation project at the Virginian is being financed by the complex’s owner, California-based Sabra Health Care REIT.
The project is planned to include improvements to the complex’s dining room, as shown in this rendering.
Holiday by Atria’s other local outpost, Dogwood Terrace at 10300 Three Chopt Road in Henrico, is also expected to get an upgrade in the near future. A timeline and budget haven’t been determined, Young said.
“Dogwood will receive something similar in the coming years,” he said.
Holiday by Atria’s project comes amid other local moves in the senior living business. UMFS recently sold its apartment complex for seniors on Broad Street to a San Diego- based firm. A 70-unit expansion is in the works for Bacon Retirement Community near Church Hill.
Correction: Sabra Health Care REIT owns the Virginian retirement home, not Holiday by Atria as previously reported. Holiday by Atria manages the property.
Holiday by Atria’s The Virginian is an 118-unit independent living apartment complex near Bon Air. (Photo courtesy of Holiday by Atria)
A local retirement home’s ongoing renovation is among the first and largest investments being made as part of an update of the operator’s nationwide portfolio.
The Virginian, which houses 118 independent living units at 300 Twinridge Lane in the Bon Air area, recently got started on a $2 million upgrade project focused on the property’s fitness and common-area amenities.
The upgrades are in part a response to changing habits among the property’s senior-aged residents and prospective residents, according to Lee Young, a senior vice president with Holiday by Atria, which manages the complex.
“We’re reinvesting back into the properties and taking the time to reinvent these common spaces for our residents. We have noticed that seniors today are more active longer and are more social,” Young said.
A rendering of the atrium renovations planned at the Virginian.
The project is planned to include an expanded gym, a new bar with a game room, and new furniture and lighting in dining areas, among other improvements. The project isn’t expected to alter the 95,000-square-foot footprint of the development, which was built in 1989.
Construction began in September and is slated to finish early next year.
The Virginian’s units consist of studio and one- and two-bedroom apartments. Rental rates start at about $2,800 a month, per the company’s website.
The local renovation comes as part of the first wave of renovations across Holiday by Atria properties. The nationwide project is expected to touch more than 200 properties and play out over the next several years, Young said.
“We’ve been a part of that Richmond market for decades. As we started to prioritize different communities, the Virginian ended up at the top of the list,” he said.
The Virginian renovation is among the larger investments being made as part of the overall project. Young said the fine details of individual projects will vary, but a common thread is a desire to update common spaces across those properties.
The renovation project at the Virginian is being financed by the complex’s owner, California-based Sabra Health Care REIT.
The project is planned to include improvements to the complex’s dining room, as shown in this rendering.
Holiday by Atria’s other local outpost, Dogwood Terrace at 10300 Three Chopt Road in Henrico, is also expected to get an upgrade in the near future. A timeline and budget haven’t been determined, Young said.
“Dogwood will receive something similar in the coming years,” he said.
Holiday by Atria’s project comes amid other local moves in the senior living business. UMFS recently sold its apartment complex for seniors on Broad Street to a San Diego- based firm. A 70-unit expansion is in the works for Bacon Retirement Community near Church Hill.
Correction: Sabra Health Care REIT owns the Virginian retirement home, not Holiday by Atria as previously reported. Holiday by Atria manages the property.
The update is needed! I’m not sure what is meant by a retirement home? There is an independent living community, and assisted living community, but a retirement home? Maybe a little updating in community living terms is warranted. Thank you