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Purchase completed for senior apartments

Posted: June 12, 2013 - 12:09am
An artist's rendering shows the outline of the luxury apartments for seniors that will be built on 8.6 acres in Marshall Square.  Special Photo
Special Photo
An artist's rendering shows the outline of the luxury apartments for seniors that will be built on 8.6 acres in Marshall Square.

Resort Lifestyle Communities last week completed the purchase of a Marshall Square site that will become an apartment complex for seniors.

Construction is expected to begin this summer on the Marshall Square Retirement Community, located on 8.6 acres in Evans Towne Center at 850 Ronald Reagan Drive, officials with the Lincoln, Neb., company have said. The property is set to open in summer of 2014.

The 130-unit complex received Columbia County Commission approval in March. It will be restricted to residents age 55 and older.

The complex is expected to be valued at $20 million and will be the 10th such property for Resort Lifestyle Communities.

The communities are self-contained, providing dining and recreational facilities along with a “town square” of storefronts providing services to tenants who live independently in individual apartments, according to Josh Thornton, the company’s assistant vice president of finance.

The three-story facility will have about 165 residents in 130 units, with anticipated average rent of about $3,000 per month. The “all-inclusive” price includes meals, utilities, shuttle transportation and activities.

Go to www.RL Communities.com.

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