Living Care Lifestyles, the owner of several senior living facilities in Arizona, California, Oregon, Texas and Washington sold Quail Park at Lynnwood to Chicago-based CA Ventures for $62,689,000. CA Ventures specializes in a number of assets including senior housing, student living, residential, office, international and hospitality.
Public records show $17,730,000 was deducted in personal property resulting in a taxable selling price of $34,959,000.
The 130-unit senior housing community accommodates independent and assisted living as well as memory care. According to their website, the memory care program was created specifically for people living with Alzheimer’s or dementia.
The facility offers residents amenities including a pub, bistro, pool and fitness center, a dining room, wellness center, spa and massage services, a cinema and it’s also pet-friendly.
Two additional Quail Park Senior Lifestyle Communities are in the pipeline in the Puget Sound region, Quail Part at Riverton Creek and Quail Park Memory Care Residences of West Seattle. Riverton Creek’s senior living housing will provide residents an array of living options including independent living, assisted living, enhanced assisted living and memory care. The West Seattle location is set to be less comprehensive but offer memory care exclusively.
The Quail Park Memory Care Residences of West Seattle sits on half an acre at 4515 41st Ave. SW and is more than 46,000 square feet. According to their website, the community is already 10 percent leased. The community will include three floors with a total of 48 rooms for dementia and Alzheimer’s residents with room for up to 66 residents. The space also includes a common area on each floor and will also have a theatre, dining area, activity space, an outdoor patio and a putting green. Officials broke ground on the community in July of 2016 and it is expected to open in the fall of this year.
According to a release from Quail Park, the facility will be the only free-standing community for dementia and Alzheimer’s residents in an area encompassing 35 square miles. The community is being built with a sustainability mindset and will be Gold LEED Certified. The community will also provide benefit-eligible employees ORCA Access cards for transportation. Portland-based John Lape Architecture is serving as the architect for the West Seattle project and Morningside Development Group is the developer.
“According to our research there is significant unmet need for residential memory care for seniors in the city and surrounding areas,” said Denis Bryant, CEO and president of Living Care Lifestyles in a release. “This state-of-the-art community will provide exceptional living and health services for these residents and offer peace of mind to their families.”