Shell Point Retirement Community — a Florida continuing care retirement community that provides independent living, assisted living, skilled nursing — is preparing to borrow up to $275 million to construct a new tower and 125,000-square-foot community center and market.
The project, called Vista Cay, is getting financing through bonds issued with the Lee County Industrial Development Authority. The project will include a 14-story building with about 270,000 square feet for independent living groups and a 150,000-square-foot, 4-story "town center" building.
According to Shell Point, the project will offer 58 units from "lofts with soaring ceilings to midrise residences offering designer finishes and penthouses featuring expansive floorplans."
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