LRT Co., an opportunistic development firm, has acquired 12.38 acres of land in the Providence, R.I., suburb of Coventry, where it plans to develop Tiffany Laurel Reserve, a 204-unit senior housing campus.
The firm completed its acquisition of the property to develop the $65 million senior housing campus project after receiving final site approval and all associated entitlements, which took more than three years to complete.
LRT Co. expects to break ground on Tiffany Laurel Reserve, located off the New London Turnpike, during summer 2025. The senior housing campus will include 127 independent living units as well as 77 assisted living and memory care units. Approximately 25 percent of the independent living units will be reserved for low-income seniors. The senior housing campus is expected to total 157,000 square feet of space and will include 56 structured parking garage spaces.
Coventry is located in Kent County, with a population of nearly 36,000 and a media
