Senior Housing
Celebration, Orlando, FL
Size: 240 units
Mix: 152 independent living, 55 assisted living, 33 memory care.
Location: Within the master planned Celebration community
Site: 9 acres
Cost: $77.9 million
Financing: TBD

Located at the gates of Disney World in Orlando, Florida, Celebration was developed by the Walt Disney Company, and is an ideal location for a senior housing project. BRP-SH purchased 9 acres of land from Disney in October 2014 for $4.5 million. Disney has granted BRP-SH an option on 20 acres of land adjacent to the site, as well as an exclusive on senior housing. BRP-SH believes the market is very strong for the product. Many of the residents at Celebration bought their homes 20 years ago, creating an excellent customer base going forward.

The architectural firm of Gensler has been chosen to design the project and Balfour Beatty LLC has been selected to build the project. Life Care Services has been engaged as the manager. BRP-SH plans to break ground this fall with completion early 2017.