Transactions - AUGUST 26, 2022

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Green Cay Life Plan Village plans $250m senior living community in Florida

by Released

Green Cay Life Plan Village, a Florida not-for-profit corporation, has plans to develop a $250 million continuing care retirement community (CCRC) on a 15-acre site at Jog Road and Flavor Pict Road in Boynton Beach, Fla.

Acquisition of the site sets the stage for a new generation luxury senior living offering in a market where demand is growing and land for new development is scarce.

Designed for a resort feel and all-inclusive lifestyle, plans call for about 200 residences (with about 170 independent living, 16 assisted living and 16 memory care) in a three-story, 340,000-square-foot building. The community will incorporate smart technologies throughout, wide-ranging amenities and services with a focus on hospitality, active lifestyles and wellness. Features include multiple dining options, a bar and bistro, fitness and wellness centers, yoga studio, salon, movie theater, multi-purpose spaces, a pool, patios and outdoor areas, as well as access to the adjacent Green C

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