Plans for The James, a luxury senior living community in Irvine, Calif., are moving forward after the project received record financing of $473 million in tax exempt and taxable bonds, according to a news release from debt advisory group JLL (Newport Beach, Calif.), which secured the financing along with investment bank HJ Sims (Fairfield, Conn.).
The James is a joint venture between co-developers Harbert South Bay Partners (Birmingham, Ala.) and LAMB Properties LLC (Chicago), as well as nonprofit service organization P3 Foundation (Denver) and operator Momentum Senior Living (Irvine).
Situated on 3 acres, the 350-bed community will offer 210 independent living units, 110 assisted living units, and 30 memory care units in a mix of studio, one-bedroom, and two-bedroom floor plans.
Amenities will include multiple dining venues, indoor pool and spa, wellness gym, yoga studio, therapy rooms, hair salon, media lounge, golf simulator, dog park, pet washroom, and bocce ball court.
Read more about the project here.