Mar 21, 2016, 5:04pm EDT
Certus Senior Living has plans to develop up to 20 new memory-care facilities in the coming years.
A local developer with a focus on memory-care for seniors has plans to invest around $50 million in Central Florida.
That developer is Certus Senior Living, which earlier this month shared with Orlando Business Journal its plans for a new $12 million, 64-unit memory care facility near Waterford Lakes. It will sit on 5 acres at 11017 Lake Underhill Road, and is expected to break ground this July or August, Certus President and CEO Glen Pawlowski told OBJ.
This facility will serve as a "prototype" for the numerous others Certus Senior Living plans to develop, Pawlowski said. The company envisions a minimum of four construction starts every year for the next five years, with at least half being in Florida, and envisions four taking place in Central Florida, he said.
Certus also is in the midst of developing a new facility in Orange City, in addition to Waterford Lakes, and is in the process of negotiating two other local sites. Pawlowski said the company is eyeing properties in Orange and Seminole counties, but declined to share specific locations. Once four facilities are developed in Central Florida, Pawlowski expects to move developing efforts to the state's east coast.
"We're looking for markets that are underserved. We're serving a very local market and the needs of the community," he said. The Alzheimer's Association estimates that 500,000 people in Florida alone currently suffer from Alzheimer's disease — a number expected to go up to 750,000 by 2025.
Final plans for the Waterford Lakes facility should be submitted within a month and go up for review by Orange County planners and commissioners this summer. Plans include the facility featuring 42,000 square feet, four separate wings with 16 private units each, and a central "main street" area with benches, patios and more for residents. The construction phase will create an estimated 245 direct and indirect temporary jobs. Once open, the facility will create 60 permanent jobs, Pawlowski said.
Bessolo Design Group is the project architect, and Certified General Contractors is the contractor.
Orlando Business Journal