$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.
Lisa McDuffie arrives at ConnectCRE via REALTOR® world, where she served for nearly two decades as communications director for one of the nation’s largest REALTOR® organizations. She supported two membership-elected presidents who were commercial real estate practitioners, and managed the communications initiatives of the organization’s commercial special interest group.
When not following the latest commercial real estate news, Lisa is zeroed in on her charismatic off-the-track thoroughbred as she makes the transition from an utterly failed racehorse to a lovely show hunter.