The Public Finance Authority has approved a $120 million bond to finance qualified costs associated with the acquisition, construction, installation and equipping of two new senior living communities, one in Cibolo Canyon in San Antonio and the other in Chattanooga, Tenn. To be owned by Samarian Housing and developed by WholeLife Cos., the new properties will be built under the WholeLife Traditions concept.
“We are profoundly honored to be working with PFA on financing some of our communities,” said John Lowery, founder & CEO of WholeLife, in a statement.
“Traditions” is part of the luxury rental communities under the WholeLife trademark. The concept consists of 100 to 150 single-level residencies of 1,500 to 2,000 square feet that resemble and have the same feel as traditional houses. The communities are designed to be walkable.
The community features a WholeLife Club that has a designed space for gatherings and events, a business center, a fitness center, a pool, a game room and a concierge, all included in the rental fees. On-site medical care, fitness and weight control programs, in-home meal delivery and catering, and maid and laundry services are offered a la carte.
The master plan is located north of the JW Marriott. The construction date is set for 2015, and the monthly cost of living is at $2,975, according to WholeLife’s Web site.
Photo courtesy of WholeLife Cos.