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:10/12/2017)... ... 12, 2017 , ... CitiDent and San Francisco dentists, Dr. ... Oventus O2Vent technology. As many as 18 million Americans are estimated to suffer ... Oral appliances can offer significant relief to about 75 percent of people with ...
(Date:10/12/2017)... , ... October 12, 2017 , ... IsoComforter, Inc. ( ... announced today the introduction of an innovative new design of the shoulder pad. ... you get maximum comfort while controlling your pain while using cold therapy. By utilizing ...
(Date:10/12/2017)... ... October 12, 2017 , ... Information ... we intend to develop to enable prevention of a major side effect of ... loss, especially in pediatric patients. For cisplatin, hearing loss is FDA listed on-label ...
(Date:10/12/2017)... ... October 12, 2017 , ... Leading pediatric oncology experts at ... for the 49th Congress of the International Society of Paediatric Oncology (SIOP) ... Center for Cancer and Blood Disorders at Children’s National, and Stephen P. ...
(Date:10/12/2017)... ... October 12, 2017 , ... Health Literacy ... health literacy software tool, and the Cancer Patient Education Network (CPEN), an independent ... today announce a new strategic alliance. , As CPEN’s strategic partner, HLI ...
Breaking Medicine News(10 mins):
(Date:10/11/2017)... -- Caris Life Sciences ® , a leading innovator in ... medicine, today announced that St. Jude Medical Center,s Crosson ... as its 17 th member. Through participation with ... Institute will help develop standards of care and best ... cancer treatment more precise and effective. ...
(Date:10/7/2017)... , Oct. 6, 2017   Provista, ... more than $100 billion in purchasing power, today announced ... and information. The Newsroom is the online ... industry trends, infographics, expert bios, news releases, slideshows and ... access to a wealth of resources at their fingertips, ...
(Date:10/2/2017)... FLINT, Mich. , Oct. 2, 2017 ... acquired 8th Day Software and Consulting, LLC , ... 8th Day Software, based in Tennessee ... Management LLC. 8th Day expands EnvoyHealth,s service offerings for ... product development. "In ...
Breaking Medicine Technology: