The Sharon Towers retirement development in SouthPark broke ground last week on phase one of an independent-living building dubbed Magnolia Villas.
The move is a reflection of seniors’ growing demand for amenities and living on their own while having the security of on-site health care, Sharon Towers says.
The project includes four open floor plans ranging from 1,365 to 1,940 square feet with parking allotted under the building, which will be on the southeast corner of the 28-acre campus. Features include private balconies, walk-in closets, granite-surfaced countertops and stainless steel appliances. Completion is slated for spring 2016.
Phase one will feature 18 units with single-occupancy entry fees ranging from $289,970 to $416,872. Monthly rates are from $3,207 to $3,895.
The additional revenue will fund renovations to the development’s health center.
Eventually, Sharon Towers hopes to build a total of 90 villa units in five phases.
Built in 1969, the development has 330 residents with an average age of 86, said Cynthia McCullough, director of sales and marketing.