John Knox to begin construction on 150 senior apartments - Insurance News | InsuranceNewsNet

InsuranceNewsNet — Your Industry. One Source.™

Sign in
  • Subscribe
  • About
  • Advertise
  • Contact
Home Now reading Newswires
Topics
    • Advisor News
    • Annuity Index
    • Annuity News
    • Companies
    • Earnings
    • Fiduciary
    • From the Field: Expert Insights
    • Health/Employee Benefits
    • Insurance & Financial Fraud
    • INN Magazine
    • Insiders Only
    • Life Insurance News
    • Newswires
    • Property and Casualty
    • Regulation News
    • Sponsored Articles
    • Washington Wire
    • Videos
    • ———
    • About
    • Meet our Editorial Staff
    • Advertise
    • Contact
    • Newsletters
  • Exclusives
  • NewsWires
  • Magazine
  • Newsletters
Sign in or register to be an INNsider.
  • AdvisorNews
  • Annuity News
  • Companies
  • Earnings
  • Fiduciary
  • Health/Employee Benefits
  • Insurance & Financial Fraud
  • INN Exclusives
  • INN Magazine
  • Insurtech
  • Life Insurance News
  • Newswires
  • Property and Casualty
  • Regulation News
  • Sponsored Articles
  • Video
  • Washington Wire
  • Life Insurance
  • Annuities
  • Advisor
  • Health/Benefits
  • Property & Casualty
  • Insurtech
  • About
  • Advertise
  • Contact
  • Editorial Staff

Get Social

  • Facebook
  • X
  • LinkedIn
Newswires
Newswires RSS Get our newsletter
Order Prints
July 16, 2019 Newswires
Share
Share
Post
Email

John Knox to begin construction on 150 senior apartments

South Florida Sun Sentinel (FL)

Jul. 15--A Pompano Beach retirement village will construct 150 new apartments in two new towers.

John Knox Village is planning to start construction in 2021 for The Vue at Westlake, at 15 stories, and The Terrace at Westlake, at 10 stories.

The apartments, which include kitchens, range from a 1,277-square-foot one-bedroom unit to a two-bedroom penthouse.

Rent generally ranges from $3,000 to $4,000 a month. Or residents can "buy in" to the new apartments with upfront payments, ranging from $332,020 for a one bedroom to $609,960 for a 2,300-square-foot penthouse for a lifetime of care.

When they move out or pass away, they or their heirs receive 50 percent of the original investment, excluding the $2,314 to $4,800 monthly fee for nursing care and other services, including meals and transportation.

The current entrance fees range from $154,900 to $429,900.

CEO Gerry Stryker said the decision to expand came from input from prospective owners who were searching for larger apartments. He said "people move here for socialibility," and the emphasis on activities.

The apartments are expected to be ready for residents in March 2023.

It's part of a $100 million expansion project that includes a first-floor common area with new dining and an art studio for classes such as flower arranging or woodworking.

Latest Pompano Beach News

--

Woman shot and possibly pushed from Escalade, left on side of the road

--

John Knox to begin construction on 150 senior apartments

--

In Florida, jai-alai gambling was a product of the 1930s

New construction also includes a movie theater, club room, chapel and fitness studio. Adjacent to the two apartment buildings will be a Pavilion Center, including two restaurants and a 300-seat multi-use Cultural and Meeting Center.

Future expansion projects include the construction of two pools, and four courts for pickleball and bocce ball.

The model at John Knox Village, off Atlantic Boulevard east of Interstate 95, is for seniors to be able to age within the facility without moving and have their medical issues dealt with on site. One person in the home must be at least age 62.

John Knox Village, a retirement community built in 1967 as Baptist Village of Pompano Beach, currently has 662 independent living apartments and villas. Seaside Cove and The Woodlands -- which opened in 2016 -- are the Village's nursing homes.

___

(c)2019 the Sun Sentinel (Fort Lauderdale, Fla.)

Visit the Sun Sentinel (Fort Lauderdale, Fla.) at www.sun-sentinel.com

Distributed by Tribune Content Agency, LLC.

Older

Make Your Client’s Money Last In Retirement

Newer

Chattanooga-based BlueCross BlueShield of Tennessee to expand Obamacare coverage

Advisor News

  • What advisors need to know about the life settlement boom
  • Report: Many Americans paying up to 45% of annual income on auto loans
  • Latest state budget raises taxes on Californians, ignores voter priorities
  • What advisors and clients must know about Roth conversions
  • Worker retirement confidence dips to lowest level in a decade
More Advisor News

Annuity News

  • Globe Life Inc. (NYSE: GL) Making Surprising Moves in Tuesday Session
  • Why annuities are gaining traction with younger investors
  • Best’s Special Report: U.S. Life/Annuity Industry Sees Bottom-Line Growth Despite 18% Decline in Total Income in First-Quarter 2026
  • Globe Life Inc. (NYSE: GL) Records 52-Week High Thursday Morning
  • Fortitude Re Completes $500 Million FABN Issuance
More Annuity News

Health/Employee Benefits News

  • While Mainers still reeling from health insurance hikes, insurers propose more
  • Change to Florida Medicaid leads to lawsuit. How it could affect kids’ checkups
  • Manistee County adopts self-funded health plan
  • CALIFORNIA'S BUDGET: MORE SPENDING, HIGHER COSTS FOR TAXPAYERS
  • US: Millions Lost Health Insurance When Subsidies Expired
More Health/Employee Benefits News

Life Insurance News

  • Avoid the ‘summertime slump:’ Strategies to remain productive
  • Globe Life Inc. (NYSE: GL) Making Surprising Moves in Tuesday Session
  • Symetra Partners with PlanSource to Streamline Workforce Benefits Administration
  • Royal Neighbors of America achieves record growth
  • Only 1 in 4 Americans Think Now Is A Good Time To Invest, Allianz Life Study Finds
More Life Insurance News

NEWS INSIDE

  • Companies
  • Earnings
  • Economic News
  • INN Magazine
  • Insurtech News
  • Newswires Feed
  • Regulation News
  • Washington Wire
  • Videos

FEATURED OFFERS

Maximize Your FIA Case Results
Learn a repeatable process to review, reposition, and present FIA opportunities with confidence.

Aim higher during Annuity Awareness Month
Raise the bar with our diverse portfolio of Ascend annuities, backed by superior financial strength

You Could Be Losing Up to 20% of Your Commissions
GreenWave helps you find, fix, and prevent commission errors.

True Independence Means Having Choices
Cambridge offers flexibility, stability, proven tools—no private equity strings attached.

Life moves fast. Your BGA should, too.
Stay ahead with Modern Life's AI-powered tech and expert support.

Looking for stronger rates, amplified growth & real results?
Sentinel's Accumulation Protector Plus℠ Annuity is for clients wanting more from retirement planning

Press Releases

  • Prosperity Life GroupSM Launches Prosperity PathWaySM Series, Bringing Greater Choice and Flexibility to Retirement Income Planning
  • Senior Market Sales® Fortifies Annuity Reach With Acquisition of Retirement Planning Firm Stratton & Company
  • RFP #T01625
  • Rockwood Programs Appoints Kerry Ladouceur as Vice President, Financial Lines
  • JP Insurance Group Launches Commercial Property & Casualty Division; Appoints Joe Webster as Managing Director
More Press Releases > Add Your Press Release >

How to Write For InsuranceNewsNet

Find out how you can submit content for publishing on our website.
View Guidelines

Topics

  • Advisor News
  • Annuity Index
  • Annuity News
  • Companies
  • Earnings
  • Fiduciary
  • From the Field: Expert Insights
  • Health/Employee Benefits
  • Insurance & Financial Fraud
  • INN Magazine
  • Insiders Only
  • Life Insurance News
  • Newswires
  • Property and Casualty
  • Regulation News
  • Sponsored Articles
  • Washington Wire
  • Videos
  • ———
  • About
  • Meet our Editorial Staff
  • Advertise
  • Contact
  • Newsletters

Top Sections

  • AdvisorNews
  • Annuity News
  • Health/Employee Benefits News
  • InsuranceNewsNet Magazine
  • Life Insurance News
  • Property and Casualty News
  • Washington Wire

Our Company

  • About
  • Advertise
  • Contact
  • Meet our Editorial Staff
  • Magazine Subscription
  • Write for INN

Sign up for our FREE e-Newsletter!

Get breaking news, exclusive stories, and money- making insights straight into your inbox.

select Newsletter Options
Facebook Linkedin Twitter
© 2026 InsuranceNewsNet.com, Inc. All rights reserved.
  • Terms & Conditions
  • Privacy Policy
  • InsuranceNewsNet Magazine

Sign in with your Insider Pro Account

Not registered? Become an Insider Pro.
Insurance News | InsuranceNewsNet