Northbridge Companies Announces Development of Stafford Hill Assisted Living & Independent Living Campus in Plymouth, MA
Burlington, MA based Northbridge Companies announces the land acquisition and closing of Stafford Hill Assisted Living & Independent Living Campus in Plymouth, MA. Northbridge Companies will develop approximately 138 units of senior housing that will offer a continuum of care and a new alternative to area senior citizens on 6.1 acres of land on the South Shore, marking the first new assisted living facility developed in Plymouth in over 8 years.
Burlington, MA (PRWEB) September 30, 2006 -- Burlington, MA based Northbridge Companies announces the land acquisition and closing of Stafford Hill Assisted Living & Independent Living Campus in Plymouth, MA. Northbridge Companies will develop approximately 138 units of senior housing that will offer a continuum of care and a new alternative to area senior citizens on 6.1 acres of land on the South Shore, marking the first new assisted living facility developed in Plymouth in over 8 years.
“Demand for new assisted living options is on the rise,” said Thomas Y. Gaston, Chief Operating Officer of Northbridge Senior Housing.” Many areas, such as Plymouth, have high occupancies and waitlists in their existing assisted living facilities because there has been relatively little development on the assisted living front.”
There are two aspects of the Plymouth project: the redevelopment of an existing building, the former Pilgrim Manor Nursing Home, into an eighty-five (85) unit, 75,000 SF, three-story assisted living facility, and the development of an independent living building consisting of a 60,000 SF, three-story building containing fifty-two (52) condominiums.
Stafford Hill Assisted Living will be a state-of-the-art assisted living facility consisting of sixty (60) traditional units and twenty-five (25) units for those with Alzheimer’s disease and other forms of memory impairment, with total occupancy at 92 residents. The building will also include a dining room, living room, recreational area, library, beauty parlor, wellness center, and theatre room.
Being called “the new age of assisted living”, Stafford Hill will offer The S.T.A.R. Program (Sharp Thinking Active Residents), a series of interactive activities designed to effectively reduce decline of memory loss and improve cognitive and behavioral functions. Additionally, Stafford Hill will offer a wellness center with senior friendly equipment and exercise programs to encourage overall health and well being.
The independent living building will consist of fifty-two (52) for-sale condominiums with options such as studio, one bedroom, one bedroom den and two bedroom units with base prices beginning in the high $200,000’s. An enclosed walkway will connect the independent living building to the assisted living building, and all residents will have access to amenities in both buildings. By combining assisted living with a stand-alone independent community, seniors residing in the independent component will have access to numerous services and activities that are not typically available in an independent setting.
“We are pleased at the support we have received from the town of Plymouth,” said James C. Coughlin, Partner at Northbridge. “The campus design and proximity to downtown truly lends itself to being a part of the overall Plymouth community.”
Northbridge Companies has been providing consulting services to a number of clients in the assisted living industry. The closing of Plymouth marks a major addition to Northbridge’s portfolio as it is a principally sponsored development. Northbridge Companies will be responsible for all aspects of development and its subsidiary, Northbridge Senior Housing, LLC, will assume full management and full operating control of both components of the project in addition to overseeing the sale and marketing of the independent units.
“Stafford Hill will be our flagship community,” said Wendy A. Nowokunski, Partner at Northbridge. “We know providing assisted living services is a local business, that’s why we remain focused on being the best throughout New England.”
The Northbridge Companies, LLC is a privately held senior housing company which provides development, management and advisory services. The organization is comprised of Northbridge Communities, LLC (owned active-adult communities), Northbridge Senior Housing, LLC (owned and managed assisted living facilities), and Northbridge Advisory Services, LLC (consulting services). Based in Burlington, Massachusetts, The Northbridge Companies manages 322 units of assisted living in the Northeast and is currently advising on an additional $100 million in capital transactions throughout New England and New Jersey. In addition, the company owns and is developing over 200 units of active adult housing. For more information, please visit www.northbridgecos.com.
Provided by PRWEB.com
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