Nonprofit Gets to Work on $380M South Florida Senior Living Community
It’s the area’s first new continuing care community in a decade.
Green Cay Life Plan Village Inc., a Florida not-for-profit corporation, has started construction of The Winsberg at Green Cay, a $380 million, 221-unit continuing care retirement community in Boynton Beach, Fla. The property is slated to open in fall 2028.
Located on 15 acres at Jog and Flavor Pict roads, it is the only fully approved site remaining for this type of development in Palm Beach County and the first new CCRC in Boynton Beach since 2016, according to the developer.
The three-story, 510,000-square-foot building will have 189 independent living units, as well as 32 for assisted living and memory care. Amenities at The Winsberg at Green Cay will include dining options, a bar and bistro, a fitness center, a yoga studio, a salon, a theater, a pickleball court, a swimming pool and a spa. Residents will also have access to the county’s neighboring Green Cay Nature Center and wetlands.
More than 70 percent of the one- and two-bedroom independent living residences are under contract. Green Cay has a preview center for the property located at 4955 W. Atlantic Ave. in Delray Beach.
The team set for The Winsberg
Greenbrier Development LLC and BRP Senior Housing Management LLC, a Delray Beach-based affiliate of private equity real estate firm Big Rock Partners, are co-developers. Greenbrier, which also developed the Sinai Residences in Boca Raton, Fla., will manage The Winsberg. Moss Construction, a Fort Lauderdale, Fla.-based firm, is construction manager for the project.
READ ALSO: The Silver Tsunami Is Here. Can Senior Housing Close the Supply Gap?
Greenbrier has developed 35 senior housing communities in the U.S. Through Greenbrier Consulting, the company has provided support to more than 100 senior communities and providers since 2006. BRP’s portfolio consists of more than 1,000 units, including luxury rental communities such as Mariposa in Lake Worth, Fla., Windsor at Celebration in the Orlando, Fla., area and Unisen Senior Living, a continuing care retirement community in Tampa, Fla.
A niche for continuing care
Continuing care retirement communities offer residents housing arrangements where they can age in place as their needs change over time. The campuses offer independent living, assisted living and memory care, as well as skilled nursing care for short-term rehabilitation stays or long-term, higher acuity needs.
In May, RiverSpring Living broke ground on River’s Edge, a 260-unit luxury senior housing development on its 32-acre property in the Riverdale section of the Bronx, N.Y. The nearly $633 million project will be New York City’s first life plan, or continuing care retirement community. Occupancy is expected by December 2028. As of May, the sponsor had secured presales on more than 85 percent of the 260 residences.
The outlook for senior housing continues to improve. The U.S. population aged 80 and above is expected to grow 36.6 percent over the next 10 years to 19 million. More than 10,000 Americans turn 65 daily, providing a demand pipeline for years to come.
In its most recent report, NIC MAP stated senior housing sector occupancy improved for the 20th consecutive quarter to 89.9 percent in the second quarter of 2026. Occupancy was up about 200 basis points over the last 12 months. Stabilized occupancy hit 90.4 percent in the second quarter.
