Vestcor Communities expects to break ground in June on the $26 million HarborChase of Mandarin, designed as a 114-unit independent, assisted living and memory care community.
Holly Hepler, marketing manager of The Vestcor Companies, said Jacksonville-based Vestcor will partner with Harbor Retirement Associates for the development.
Vero Beach-based Harbor Retirement Associates is a regional senior living development and management company that focuses primarily on assisted living and memory care communities, including HarborChase of Jacksonville along San Pablo Road.
HarborChase of Mandarin is planned on 4.1 acres at 12276 San Jose Blvd.
It will comprise 116 beds among 94 independent and assisted-living apartments and 20 memory-care units. Rents will be market rate, but have not been finalized.
Hepler said the three-story, 126,000-square-foot project, to be built by Summit Contracting Group, should be completed in August 2017.
She said the one- and two-bedroom apartments will include utilities, Internet service, housekeeping, laundry service and routine maintenance.
Services also include full-service dining by an executive chef and 24-hour access to a licensed nurse and health monitoring by a professional staff.
In addition, residents can access a fitness and wellness center, a small movie theater for residents, multiple dining venues with indoor and outdoor seating and a beauty salon.
Site plans show three outdoor courtyards.
HarborChase of Mandarin is designed at San Jose Boulevard and Mandarin Meadows Drive.
Vestcor develops market-rate and affordable multifamily communities for families as well, along with student housing and historic rehabilitation. The niche of senior housing reflects changing market demographics as baby boomers age.
The company has developed three affordable-housing senior communities in Jacksonville along North Main Street near Brentwood, 103rd Street in Westside and 1800 Corporate Square Blvd. in Southside.
Today, Vestcor is celebrating the grand opening of Peyton Ridge Apartments, the 123-unit affordable housing community along Corporate Square Boulevard.
The housing is for people age 55 and older making less than $30,000 a year, with 10 percent of the units for those who make less than $17,000 a year.
The $17 million Peyton Ridge was financed by a combination of a Wells Fargo construction loan, funding from the Jacksonville Housing Finance Authority and the Low Income Housing Tax Credits administered by Florida Housing Finance Corp.
Hepler said Vestcor plans to break ground late this summer on the Mary Eaves independent, affordable senior community at Myrtle Avenue and 16th Street in Northwest Jacksonville.
She said Vestcor will purchase the land from the Northwest Jacksonville Community Development Corp., which will own a small percentage of Mary Eaves.
Mary Eaves will comprise 104 bedrooms among 80 units. There will be 56 one-bedroom and 24 two-bedroom units. Summit Contracting Group is the contractor.
Mary Eaves will serve people age 55 and older. Of the units, 80 percent will be for people who make $27,000 or less per year and 20 percent will be for those making $22,000 or less.
Vestcor also is partnering with Arc Jacksonville Inc. to develop ARC Village, an affordable, apartment-style community for adults with intellectual and developmental disabilities.
The project is under construction along Hodges Boulevard, south of Beach Boulevard. Completion is expected in May.