LCS Expands The Delaney® Brand and Starts Construction on 5th Senior Living Development /EIN News/ — Des Moines, Iowa, Dec. 04, 2018 (GLOBE NEWSWIRE) — LCS announced today the closing of financing and start of construction for The Delaney of Bridgewater. The community will be a 262,000 square-foot Class A senior living community located in Bridgewater, New Jersey that will provide a full continuum of care to its future independent, assisted and memory care residents. The community is slated to open in the Fall of 2020. Financial terms were not disclosed. “We conducted extensive market research and believe the Bridgewater market area is well-suited for this type of senior living community,” says David Laffey, EVP/senior managing director for LCS Real Estate. “The Delaney of Bridgewater is the 5th community in the portfolio and we are thrilled to partner with BMO Harris on another opportunity.” The Delaney of Bridgewater will be located on Frontier Road just north of the I-287 and Route 22 intersection and includes 224 residences. The community will include 122 independent living apartments and in response to consumer desire, will also include 15 free-standing villas. The Delaney will offer a continuum of care and includes 56 residences for… Read full this story
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