$500M Senior Living Development Starts Vertical Construction in McLean
Senior living provider Mather has begun construction at The Mather, a continuum-of-care development in the Tysons neighborhood of McLean, VA.
The $500-million development is in 50/50 equity partnership between Mather and real estate investment manager Westminster Capital.
The Mather is open to those 62+ and offers a continuum of living options which enables people to plan ahead to access additional services, including health care. The property is 80% presold and will include two residential buildings, one with 179 apartment homes (Phase 1) and one with 114 apartment homes (Phase 2) that will feature Smart Home technology and sustainable, biophilic design that meets LEED and Well Building Standards.
Entrance fees start at $646,700.
In partnership with Fairfax County, The Mather will provide wellness and lifelong learning programs for residents ages 50+ living in the community-at-large. Programming will take place in a dedicated portion of the more than 14,000-square-foot first floor commercial space.
- ◦Development