On behalf of RedGo Development (“Owner” or “Sponsor”), CBRE, Inc., as exclusive marketing advisor, extends to qualified parties the rare and significant opportunity to acquire outright or enter into a joint venture partnership and develop Keswick Senior Living at Lewis Square, a 545,000 square foot, 332-unit market rate senior housing rental project with no entrance fee, located immediately off the Limerick/Linfield exit of Route 422 in Limerick, Montgomery County, Pennsylvania. RedGo has assembled a noteworthy, experienced development team of engineers, architects and senior living consultants, including a supporting market feasibility study prepared by well-respected Susan Brecht, Brecht Associates, Inc. Redgo currently has preliminary approvals and is prepared to deliver the $60 million, two-phase project with final plan approvals at settlement. Keswick Senior Living has been carefully designed to mirror the highly successful and prominent Wellington at Hershey’s Mill in West Chester, PA, a 293-unit, no entrance fee, retirement community opened in 2005. Plans can also be modified for a different mix of senior living units.
The 18.7-acre site will also include a 5-building, 72,000 square foot medical/professional office and retail/restaurant campus, located along the North Lewis Road frontage, with planned construction to start immediately. This portion of the site will be parceled off from the senior living site by a condominium structure and developed by RedGo.
Upon execution of a Confidentiality Agreement, CBRE will contact interested and qualified parties to discuss the opportunity. For advanced inquiries, architectural plans and documentation, a construction cost report and a market feasibility study are available for review. This Development Opportunity is being offered on an unpriced basis.
Please execute and return the Confidentiality Agreement (link below or on website) to receive access to more detailed information.
For more information on this offering, please visit our website at
https://www.cbremarketplace.com/LewisSquare
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