- Funding Needed
- $18 (Mio)
- EB5 Funding
- $18 (Mio)
- EB-5 Investors
- 36
- Investment Amount
- $500,000
- Job Creation per Investor
- 10.3
- Job Creation (Total)
- 370
- Category
- Healthcare and Social Assistance
- Sub-Category
- Services for the Elderly and Persons with Disabilities
- State
- Illinois
- Location
- village of West Dundee
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- Last Update: May 11, 2015 02:01 PM
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Silver Memory Care, Inc.
Project Description
Silver Memory Care, Inc. (“SMC”) has negotiated an option contract to construct its facility in the village of West Dundee, Illinois. SMC project is fully subscribed and the total project capitalization is $18 million. The estimated opening date is January 2016.
Community Amenities:
- – Units with multiple and spacious floor plans
- – A number of out-patient services and retail opportunities
- – Chef-prepared meals focusing on nutrition as well as presentation
- – Lounges, sitting areas, and gathering spaces including a top floor “porch”
- – Library spaces engage your intellect and curiosity
- – Gardening areas to natural flora & fauna and intergenerational areas for children
- – 24-hour licensed care staff
Project Highlights:
- – Undergoing zoning and entitlement process in Village of West Dundee, Illinois
- – Estimated total units: 95
- – Total Project Capitalization: $18M
- – Approximate square footage: 84,500
- – Estimated opening: 2016
- – New jobs expected to be created: 370+
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