Navigation Links
ACTS Retirement-Life Communities Signs Land Purchase Agreement on 48-Acre Site in Matthews, North Carolina
Date:6/18/2008

Plans to build a second state-of-the-art CCRC across from its Plantation Estates community in Mecklenburg County

MATTHEWS, N.C., June 18 /PRNewswire-USNewswire/ -- ACTS Retirement-Life Communities has signed a purchase agreement on a 48-acre land parcel located near the intersection of Fullwood Lane and South Trade Street in Matthews, North Carolina. ACTS plans to add approximately 350 independent living apartments and single family homes with additional numbers of assisted living and skilled care suites. The expansion is designed to complement an existing ACTS community adjacent to the property, Plantation Estates, which is home to approximately 560 retirees and is currently undergoing a $9 million renovation and expansion of its own by adding additional independent living apartments and a 16,000-square-foot wellness center with an indoor pool.

"We are very excited to bring the ACTS lifestyle to more retirees in the greater Charlotte area," said Marvin Mashner, ACTS President and Chief Executive Officer. "This new development in Matthews will help us to fulfill our mission of reaching more seniors with a combination of resort-style living and high quality services and care."

The proposed Matthews community, tentatively called Plantation Village, would be ACTS' third continuing care retirement community (CCRC) in North Carolina. Tryon Estates, which is also owned and managed by ACTS, is located in Columbus. Each ACTS campus features a wide range of amenities including a country club-style clubhouse with multiple dining venues, fully equipped fitness area, an indoor pool, and a full calendar of social activities and events. ACTS offers an extensive life care contract where residents pay an entrance fee and a stable monthly fee which does not increase when moving from independent living to its on-campus OakBridge Terrace and WillowBrooke Court health centers.

ACTS plans to begin marketing efforts soon and will begin construction after 70 percent of the project is pre-sold. Funding for the planned development is to come through tax-exempt bonds. ACTS expects the Matthews development will bring additional construction jobs to the area, and when complete would employ approximately 150-200 people.

ACTS Retirement-Life Communities, Inc., is the nation's largest not-for-profit owner, operator and developer of CCRCs. Headquartered just outside Philadelphia, in West Point, Pennsylvania, ACTS has a family of 19 continuing care communities that serve more than 8,100 older adults in six states and employ nearly 5,400 people. All established ACTS communities are nationally accredited for excellence in senior housing by the CARF Continuing Care Accreditation Commission, an independent agency that sets recommended performance standards for the industry. For more information about the ACTS Matthews project call (704) 847-4800 or visit ACTSretirement.com.

CONTACT: Michael Smith, 215.661.8330 or Colleen Wilson, 561.362.8377


'/>"/>
SOURCE ACTS Retirement Life Communities
Copyright©2008 PR Newswire.
All rights reserved

Related medicine news :

1. ACTS Retirement-Life Communities Completes Carlton Cove Acquisition
2. PA-Based ACTS Retirement-Life Communities Announces Agreement to Acquire Carlton Cove in Huntsville, Alabama
3. AMERIGROUP Foundation Announces Winners of Healthy Communities Art Project
4. Internet, tolerance spark change in urban gay communities
5. Scientist study bacterial communities inside us to better understand health and disease
6. Myanmar One Month Later: Delta Communities Surviving on Resilience
7. American Lung Association Launches Online Photo Campaign to Expose Big Tobacco in Communities Nationwide
8. Why Our Kids Cant Breathe in Our Communities
9. Brainfood Awarded $25,000 Grant from General Mills Foundation through DC Mayor Fentys New Health Communities Program
10. Making the Outdoors Safer for Communities: the American Academy of Dermatology Announces 2008 AAD Shade Structure Program Grant Recipients
11. Pennsylvania Agriculture Official Says Passage of PA ABC Crucial to Rural Communities
Post Your Comments:
*Name:
*Comment:
*Email:
(Date:10/13/2017)... ... , ... Many families have long-term insurance that covers care for a family ... for care if the client has a cognitive impairment diagnosis. , “What this ... often waived, so the benefits from their insurance start immediately,” said Mechell Vieira, owner ...
(Date:10/13/2017)... ... ... Talented host, actor Rob Lowe, is introducing a segment ... of "Success Files," which is an award-winning educational program broadcasted on PBS Member ... with passion and integrity. , Sciatica occurs when the sciatic nerve in the ...
(Date:10/12/2017)... Francisco, CA (PRWEB) , ... October 12, 2017 ... ... Dr. Cheng, are now treating sleep apnea using cutting-edge Oventus O2Vent ... apnea, a serious sleep disorder characterized by frequent cessation in breathing. Oral appliances ...
(Date:10/12/2017)... ... October 12, 2017 , ... ... in post-acute health care, have expanded their existing home health joint venture through ... AccentCare has been operating a joint venture home health company with Asante, delivering ...
(Date:10/12/2017)... ... October 12, 2017 , ... On Saturday, October 21, the Health & Wellness ... Moonlight to raise money for the American Heart Association Heart Walk. Teams of up ... work together to keep their treadmills moving for 5 hours. Treadmills will start at ...
Breaking Medicine News(10 mins):
(Date:10/2/2017)... 2017 The Rebound mobile app is poised to ... the tide of prescription drug addiction. The app empowers users ... and stepping down their dosage in a safe, controlled manner ... 2017; the first 100,000 people to sign up will enjoy ... ...
(Date:9/27/2017)... , Sept. 27, 2017  Commended for their devotion to ... awards. Ranked as number one in the South Florida Business ... in Inc. 5000 yearly list, the national specialty pharmacy has ... Armando Bardisa will soon be honored by SFBJ as ... Set to receive his award in October, ...
(Date:9/25/2017)...  EpiVax, Inc., a leader in the fields ... announced the launch of EpiVax Oncology Inc., a ... cancer vaccines. EpiVax has provided $500,000 in seed ... technologies to the new precision immunotherapy venture. Gad ... as Chief Executive Officer. Gad brings over 25 ...
Breaking Medicine Technology: