Centric Development has secured joint venture equity for a senior housing project in Fredericksburg, Virginia. The 16.2-acre property will feature 153,000 square feet of space with 142 units upon completion, including 106 assisted living one- and two-bedroom units and 36 memory care units with luxury finishes. Expected to be completed by 2025, the development is sure to provide seniors with an exceptional living experience.
“We are thrilled to break ground on this development that will offer our future residents a top quality senior living community,” said David Vickers, CEO of Centric Development. JLL represented the borrower in this transaction; their team was led by Joel Mendes, Anthony T Fertitta Jr., and Billy Lichtenstein.
