Clark-Lindsey Village, a not-for-profit life plan community in Urbana, Ill., embarked on a three-phase capital improvement program in the summer of 2021. The organization, which does not have an in-house real estate development team, engaged Plante Moran Living Forward (PLMF) to assist with the predevelopment planning and provide owner’s representation and development services during the implementation.
Phase 1 of the program broke ground in October 2021 and is expected to conclude sometime this summer. Phase 1 includes two 14,000-square-foot quadplexes, a 4,000-square-foot grounds garage, completion of an interior road, and updates to the campus’s stormwater retention area.
Phase 2, which is scheduled for summer 2022 to the end of 2023, will include an 87,000-square-foot, 64-unit assisted living and memory care building with underground parking. Phase 3 will begin in the summer of 2023 and conclude in the summer of 2025. Phase 3’s plans include 91,000-square-foot, 45-unit independent living building with underground parking that will be connected to a 18,000-square-foot wellness and social center that features a modern reception area, bistro, auditorium, and fitness space.
To check out progress on phase 1’s villa construction, watch the time-lapse video.
