FORT MYERS, FLORIDA – December 23, 2014 – Omega Communities, a Birmingham, Alabama-based senior living developer, announced today that it has acquired a nine-acre site at the intersection of Daniels Parkway and Six Mile Cypress Parkway in Fort Myers, Florida, for its next collection of senior housing residences. This will mark Omega Communities’ third project launch in southwest Florida this year. “We are on a definitive mission to develop between 10 and 12 projects in the Florida market over the next three years,” said Pat Trammell, Chairman and CEO of Omega Communities. “The demographics and growing need for assisted living and memory care make Fort Myers a compelling marketplace. In addition, we believe the people of Fort Myers share our vision of providing Class A facilities while partnering with a local faith-based organization to augment the level of care we deliver.”
The Fort Myers project will be the first facility for Omega not built on a church campus. However, according to Mr. Trammell, Omega will partner with a large and dynamic church that impacts the local community. Lawson Group Architects of Sarasota has designed the facility, and construction drawings are nearing completion. The first phase of the project will consist of 135 assisted living and memory care residences in three separate buildings connected by interior corridors. The total square footage for the facility will be over 100,000 square feet. During the construction phase, the project will employ between 150 to 200, with another 125 professionals employed once the facility opens. The total project cost for the facility will be between $25 and $30 million. Omega Communities plans to begin vertical construction in the spring of 2015 and accept residents in the summer of 2016.
Omega has already begun development of two facilities in both North Port and Sarasota, Florida. The Springs at South Biscayne in North Port, Florida is a 133-unit, 140-bed assisted living and memory care facility on the campus of The South Biscayne Church. The Fountains of Hope is a 106-unit, 109-bed facility offering luxury assisted living and memory Care residences. The Fountains of Hope is under construction on the Church of Hope campus in Lakewood Ranch.
About Omega Communities
Omega Communities has positioned itself to be the lead developer and operator of Senior Living Communities in affinity relationships with significant and growing local churches and other faith-based organizations. Omega offers preferred locations, superior services and care, and facilities adjacent to community-impacting churches. Omega residents will come from the sponsoring church membership, the surrounding community, and from families desiring to relocate aging parents. By capitalizing on the vast experience in development, architecture, financing, marketing and relationships in the faith-based community, Omega is able to execute an innovative strategy to meet substantial senior housing needs over the next decade. Omega intends to develop a minimum of 30 facilities over the next decade. For more information, go to www.OmegaCommunities.org.
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