Developer plans $75 million retirement community expansion in Greensboro

0
487
whitestone 1

Indiana-headquartered LCS Development has started construction on a $75 million major expansion at WhiteStone: A Masonic and Eastern Star Community in Greensboro, the company says in a statement. The project includes the addition of 67 independent living units, a building with 36 private suites for assisted living/memory care, and an extensive renovation of the existing skilled nursing facility.

“We’re looking forward to enhancing our services with this expansion,” said WhiteStone executive director Mark Lewis. “The addition of the assisted living suites will complete the continuum of care for residents and allow our community to serve more seniors.”

The project scope calls for LCS Development to coordinate planning, lead development, and provide oversight of design and construction services. In addition to LCS Development and Cain, the project team includes SFCS Architects, Frank L. Blum Construction Company as general contractor, and Stimmel Associates, PA, serves as civil engineer/land planner.

The 100-year-old community is located on a 43-acre campus and is managed by Life Care Services, An LCS Company.
whitestone entrance
“Our relationship with LCS Development has been instrumental in bringing this project forward,” says Gene Jernigan, chair of the WhiteStone Board of Directors. “With their leadership and design expertise we are able to expand our community and bring additional services to the residents we serve.”
The bond financing for the expansion, underwritten by Cain Brothers, a division of KeyBanc Capital Markets, closed on Sept. 9. Construction began Sept. 22.
The statement says Todd Shaw, director of development services at LCS Development, will serve as project manager for the expansion. “We recognize WhiteStone’s unique history and this project will further distinguish the senior living community and the services it provides to residents.”

LEAVE A REPLY

Please enter your comment!
Please enter your name here

I accept the Privacy Policy

This site uses Akismet to reduce spam. Learn how your comment data is processed.