Wellmore, Charlotte, S.C., has closed on the purchase of land in Tega Cay, S.C., where they will construct a $35 million retirement community.
The property in Tega Cay will serve as the flagship for what is described as a hybrid wellness and healthcare model centered on initiatives which extend and improve the lives of older adults.
The community will offer assisted living, memory care, skilled nursing services and short term rehab as well as a community clubhouse, gourmet dining and a wellness center for residents.
Additional partners on this specific project include CNL Healthcare Properties, Red Capital Group, and Maxwell Group.
Construction is slated to begin in February with a proposed opening of Summer 2015.
The company plans to build up to ten more communities throughout the Southeast, including at least one more in South Carolina.
