By Dees Stribling, Contributing Editor
Laguna Niguel, Calif.—Construction will begin soon on Crestavilla, a new seniors housing property in Laguna Niguel in southern Orange County. Located on 11.5 acres, the property will offer independent and assisted living, as well as memory care.
All together, Crestavilla will total of 223 beds, including 112 independent living units, 75 assisted living units and 36 beds for memory care. The units will be mix of studios and one- and two-bedrooms apartments.
According to the developer, Flintridge Partners LLC, the property aims to offer amenities comparable to a five-star resort and provide “inspired coastal living.” Like many resorts, the property will include restaurants, a spa, theaters and—maybe not so many resorts have one of these—a “spiritual resource center.”
Flintridge Partners’ Marlon Fenton notes that Crestavilla has been designed “to take advantage of the scenic vistas of its location, not to mention the unmet need for a retirement community of this caliber.” The property will be done in a Spanish Colonial style, and is slated for completion in 2014.
Irvine, Calif.-based Flintridge Partners is a real estate development company focusing on a number of specialty markets, including seniors housing. Laguna Niguel is a master-planned town, originally started in the late 1950s as one of the first such communities in California, and remains an affluent place, with median household income of about $98,000.