Pathway Senior Living to Break Ground on a New Community in Illinois

Pathway Senior Living to Break Ground on a New Community in Illinois

For Immediate Release

Contact: Nicole Bartecki
847-768-5143
nbartecki [at] PathwaySL [dot] com

SUPPORTIVE LIVING FOR SENIORS COMING SOON TO ROUND LAKE BEACH

ROUND LAKE BEACH, ILL. – The Crown Group of Hoffman Estates and its partners Landmark Realty & Development and Evergreen Real Estate Services along with Pathway Senior Living, are pleased to announce the groundbreaking for Oak Hill, a 94-unit licensed supportive living community located at 76 East Rollins Road in Round Lake Beach, Illinois. An informal groundbreaking ceremony will occur at the site this Thursday, September 29th at 1 pm, rain or shine.

Scheduled to open in December 2012 at a total development cost of $22.8 million, this four-story, 72,000 square foot building will offer older adults deluxe accommodations in private studio and one-bedroom apartments, along with access to numerous gathering spaces including a community dining room and fitness center, as well as exterior amenities such as a greenhouse, walking paths, and a garden. Residents will receive a variety of supportive services to enhance their lives including three meals a day, weekly housekeeping, life-enriching activities, scheduled transportation, medication management, and light nursing assistance. Some residents may be eligible for financial aid, funded through the State of Illinois’ Medicaid program, which allows those with modest means to afford high-quality services and amenities without relying on contributions from family members and without having to relocate to a nursing home. The community will be operated by an affiliate of Pathway Senior Living, which operates 10 other supportive living residences in Illinois.

Funding for the project was due in large part to an award of Low Income Housing Tax Credits from the Illinois Housing Development Authority (IHDA), investor proceeds from Hunt Capital Group, and a first mortgage loan through the FHA insurance program, brokered by Draper & Kramer, Inc. The Affordable Assisted Living Coalition provided the regulatory guidance necessary to take the project from concept to groundbreaking.

“We are delighted to have been selected as the manager for Oak Hill,” said Maria Oliva, Chief People Officer for Pathway. “Bringing our award-winning branded programs and operating culture to this beautifully designed community is a win-win-win – a win for the 94 future residents and their families who will benefit from peace of mind; a win for the professionally trained staff who will benefit from the more than 50 jobs created; and a win for Round Lake Beach’s Village Board which has been championing the need for high quality senior living options within the Village.”

For more information about Oak Hill or to place an application for housing, please contact Nicole Bartecki, Vice President of Sales & Marketing, Pathway Senior Living, 847-768-5143 or nbartecki [at] PathwaySL [dot] com.