 www.whv.org/creekside.html
The Challenge
While Wexner Heritage Village (WHV) was effectively serving the lower income community with two HUD-subsidized buildings, they were not serving the needs of the affluent community. The Creekside project at HCV was the potential senior housing project to fill this gap. One of the biggest challenges was ensuring that is was a viable project. They needed help to make a “go” or “no-go” decision in developing this senior housing community.
The Solution
Plante & Moran was hired to help them make that decision. The Plante & Moran team began with a financial feasibility study – looking at the big picture first to see if this project made sense. As more information was received, the Plante & Moran team was able to form a specific model. More thorough market research was done to test the validity of this endeavor as well as determining the right financing for this project.
The Results
As a result, Creekside is a reality at Wexner Heritage Village that includes an 82-apartment independent living community that pampers residents with an array of services and amenities. From fine dining to housekeeping services to valet parking, it’s no wonder that Creekside pre-sold 90 percent of its units months before construction was complete.
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