Welltower JV Kicks Off DC-Area Senior Project
The 450,000-square-foot project is set to open in 2024.
A partnership between Kisco Senior Living and Welltower has broken ground on The Carnegie at Washingtonian Center, a 302-unit senior living community in central Gaithersburg, Md. The project marks Kisco’s first development in Maryland and the Greater Washington, D.C., area.
In January 2020, the joint venture paid $7.8 million to acquire the vacant land for the development, Montgomery County records show. The development is slated for an early 2024 delivery.
The co-developers have selected THW Design to serve as architect for the 450,000-square-foot project, while StudioSIX5 will serve as interior designer and Balfour Beatty as general contractor.
The Carnegie at Washingtonian Center
Rising seven stories on 8.5 acres at 10100 Washingtonian Blvd., the community will offer independent living, assisted living and memory care units. The Carnegie at Washingtonian Center will feature one- and two-bedroom apartments, with floorplans ranging from 837 to 1,487 square feet.
The senior community will provide multiple dining spots, a heated salt-water swimming pool, fitness and wellness centers, a yoga studio, a lecture hall and an art gallery. The property will also feature a park with a trail linking it to the nearby Malcolm King Park.
The Carnegie at Washingtonian Center is adjacent to RIO Lakefront at Washingtonian Center and less than 3 miles from Kaiser Permanente Shady Grove Medical Center. Downtown Washington, D.C., is some 25 miles southeast.
As of October, there were some 1,600 units in senior housing projects underway across the District and nearby Maryland suburbs, according to Yardi Matrix data.
Also in metro D.C, Mather landed a $300 million construction loan last week for its multi-phase senior housing project in Tysons, Va.