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Florida & Gulf Coast  + Senior Housing  |  October 18, 2019
David Cohen
By: David Cohen

Zom Senior Living Breaks Ground on $180M MXU Project in West Palm Beach

Zom Senior Living, Liberty Senior Living, and funds managed by an affiliate of Ares Management Corporation have broken ground on Wellington Bay, a $180-million, 46-acre mixed-use senior housing rental community in West Palm Beach.

The project will include 283 independent living, assisted living and memory care units with a 65,000-square-foot clubhouse and amenity building, as well as multiple dining venues, indoor and outdoor swimming pools, a spa, salon and wellness center. At full build out, the project will include 424 units.

“We are excited to partner with Liberty Healthcare and Ares Management on this, our first ZOM Senior Living rental community,” said Greg West, CEO of ZOM Living. “We formed ZOM Senior Living to capitalize on this growing segment of the renter pool, and we plan to offer the same thoughtfully designed living spaces, amenities, and broad array of services to our senior residents, as we provide in our traditional market rate rental communities.”

Additionally, $89 million in construction financing was co-led by PNC and Suntrust, with participation by Comerica.

For comments, questions or concerns, please contact David Cohen

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About David Cohen

David Cohen is Southeast Editorial Director at Connect Commercial Real Estate. David is a media veteran with more than 10 years of experience in journalism, copywriting and communications across a variety of roles. He is responsible for covering commercial real estate news and trends in the Southeast, Florida, Washington D.C. and Boston at Connect CRE as well as specializing in the Student Housing sector. Prior to joining Connect, David was the editor of Northeast Real Estate Business magazine and Student Housing Business magazine at France Media as well as spending time freelancing for ESPN and the Associated Press in the fast-paced field of live sports event production. He is also an owner and investor in multifamily real estate in Atlanta, GA. David currently resides in Atlanta and graduated from the College of Communication & Information at the University of Tennessee Knoxville.
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