Practically $333 Million in Financing Paves Means for Fleet Touchdown’s Second CCRC

After snagging virtually $333 million in new financing, senior residing operator Fleet Touchdown is growing a second group to satisfy present excessive demand from potential residents.

Fleet Touchdown is a luxurious life plan group. The Jacksonville, Florida-based senior residing operator just lately secured about $332,710,000 in financing underwritten by Ziegler Funding Financial institution and sourced from the Florida Native Authorities Finance Fee.

Fleet Touchdown is utilizing that financing to construct a brand new life plan group in Jacksonville, Florida, Fleet Touchdown at Nocatee, that features 279 items and “trendy facilities” akin to a wellness and health heart, a year-round heated pool, sport rooms, pickleball courts and artwork and inventive studios, in line with a press launch.

The brand new location comes after Fleet Touchdown’s unique group garnered a ready record of about 700 households, in line with CEO Joshua Ashby.

“The second location is a part of our technique to develop our capability to serve over the approaching decade,” Ashby instructed Senior Housing Information. “Our purpose is to triple our capability to serve seniors in Northeast Florida. Campus two is underneath building, and we’re actively in search of areas for campuses three and 4.”

In 2019, Fleet Touchdown acquired 35 acres of land in a grasp deliberate improvement referred to as Nocatee in St. Johns County, which Ashby mentioned was “one of many quickest rising grasp deliberate communities within the nation on the time.” The grasp deliberate improvement is situated close to Mickler’s Touchdown in Ponte Vedra Seashore and affords trails, health facilities, a non-public group lake and quick access to airports, sporting occasions and cultural arts venues in Jacksonville and St. Augustine, Florida.

Fleet Touchdown’s forthcoming group hit its pre-sale purpose inside months, and the operator added 21 extra items to the design in consequence.

Ashby attributed the brand new group’s reputation to the perceived high quality of the operator’s unique location, which affords seven distinct eating venues with “the easiest” cooks and cooks from the area, together with creating a sense of being the equal of a “top-notch nation membership.” The corporate even launched its personal meals truck referred to as The Anchor in 2021.

Fleet Touchdown is in its Nocatee campus planning wellness programming and inside areas starting from distinctive eating venues to a performing arts heart that’s set to open to the general public.

Models for residents embody flats, cottages and two-floor properties with personal elevators.

Eating areas embody an upscale rooftop eatery referred to as Sota restaurant that carries views of the close by space. Different consuming and consuming venues embody an American-style restaurant, a poolside restaurant that slings burgers and pizzas and a coffeeshop and wine bar with espresso served within the morning, paninis within the afternoon and wine within the night.

“We’ve additionally been very intentional about our eating operations on that new campus,” Ashby instructed Senior Housing Information.

As designed, Fleet Touchdown at Nocatee would be the tallest constructing within the grasp plan group at 100 toes tall. Whereas the group received’t have ocean views, it can permit residents to have “an exquisite perspective of a rising and setting solar at totally different instances of day,” Ashby mentioned.

Development on the group is already underway. If all goes in line with plan, the group’s first residents will transfer in through the summer time of 2027.

Fleet Touchdown is also planning a second section of building that may add 110 items and a brand new spa providing full service spa facilities and providers, akin to massages, steam rooms, saunas and open areas for distributors to promote customized wellness merchandise. Development is slated to start in 2030.