Vestcor Communities intends to start construction this month on the 114-unit HarborChase of Mandarin luxury senior community.
Through VC Mandarin Senior Housing Ltd., Vestcor paid $2.5 million for property at 12276 San Jose Blvd. for the development. It bought 4.1 acres from Blue Way Developers LLC and Wells Capital Investments LLC in a deed dated June 24.
Jacksonville-based Vestcor said HarborChase should be completed in August 2017.
A building-permit application shows a construction cost of $17.7 million for the three-story, structure. Summit Contracting Group Inc. is the contractor and PQH Architects Inc. is the architect for the development.
The total investment is estimated at $27 million.
HarborChase will comprise 94 independent and assisted-living apartments and 20 memory care units. The one- and two-bedroom apartments will include utilities, internet and other services.
HarborChase features 24-hour staff, supportive services, scheduled daily transportation, housekeeping, concierge services and chef-prepared dining in several venues.
Vestcor has partnered with Vero Beach-based Harbor Retirement Associates to operate HarborChase. The community includes its Life Enrichment Program, which provides social, devotional, fitness and recreational opportunities.
Harbor Retirement Associates is a regional senior living development and management company that focuses on assisted-living and memory care as well as the development and operation of independent living and skilled nursing communities.
Vestcor Communities is a subsidiary of The Vestcor Companies.
@MathisKb
(904) 356-2466