New assisted living facility proposed on North Bowman Avenue
According to a press release about the project from
The 65,000-square feet facility will serve about 140 residents ages 65 and older, and at full capacity will employ about 65 people.
According to
City officials also are expected to act on annexing the land into the city and expanding the enterprise zone to also include these acres.
If approved, construction on the facility could start in March. Grand opening could occur in
Haugen said Phillips Investments has numerous developments such as this throughout the state, adding that they are all private-pay facilities. Phillips Investments' other locations are in
The ownership entity for the Danville project is
The owners will utilize sister company
Annexation of the proposed site and enterprise zone status are in process, according to the press release.
The proposed project will require
According to the press release, the project and employment projections qualify for the CDBG funds to be used toward infrastructure, equipment and site preparation.
The project will be financed through a traditional lender. The Villas of
"This project will serve the needs of seniors and provide economic growth opportunities in
The press release also talks about the market area the facility will serve. The Dominate Market Area (DMA) has a total population of 80,460. The Villas of
Phillips estimates 8 percent or a minimum of 509 of those seniors need assisted living services.
As to the care the facility will provide, residents are monitored by the wellness director and professionally trained staff. The residents can enjoy three meals daily in the dining room plus snacks in the café. Residents are offered fun activities and special outings. Scheduled transportation is provided to medical appointments.
Reflections
___
(c)2018 the Commercial-News (Danville, Ill.)
Visit the Commercial-News (Danville, Ill.) at www.commercial-news.com
Distributed by Tribune Content Agency, LLC.


Hospital M&A Activity Grows in Q4:2017
City receives better fire protection score
Advisor News
- Your client’s $3 million portfolio doesn’t tell you their insurance needs
- How life insurance can provide liquidity for wealthy families
- Retirement providers turn to digital engagement to retain assets
- Looking out for clients with diminished mental capacity
- House panel advances CLEAR Forms Act backed by IRI
More Advisor NewsAnnuity News
- What lower interest rates mean to annuity payouts
- AM Best downgrades A-Cap insurers amid financial and regulatory troubles
- Lawsuit claims Delaware Life hid billions in insurer-linked investments
- AM Best to Deliver Presentation at 2026 ACLI Annual Conference
- Global Atlantic Announces Launch of ForeLifetime Income, a New Fixed Index Annuity
More Annuity NewsHealth/Employee Benefits News
Life Insurance News