New senior housing to come to Bonney Lake

Bonney Lake will soon have a new senior housing community, operated by one of the foremost senior housing operators in Washington. Zenith Capital and Village Concepts have announced plans to build a 122-bed assisted living and memory care community for seniors in Bonney Lake.

Bonney Lake will soon have a new senior housing community, operated by one of the foremost senior housing operators in Washington.

Zenith Capital and Village Concepts have announced plans to build a 122-bed assisted living and memory care community for seniors in Bonney Lake.

The facility will be named Village Concepts of Bonney Lake and will be constructed on 3.7 acres at 9301 192nd Avenue East, the corner of Sumner-Buckley Highway East and 192nd.

The facility will offer 96 assisted living beds along with 26 beds in a separate memory care wing and is expected to open by the middle of 2017. The $20 million project will include state-of-the-art design and amenities for seniors and will offer services like full meal plans, medication management, kitchenettes and fitness and health facilities.

Village Concepts, headquartered in Federal Way, will be the developer and operator of Village Concepts of Bonney Lake. Since 1975, Village Concepts has provided property management and consulting services for owners of residential and assisted living communities. The company counts 1,400 residents in 15 senior communities in Washington. For more information on Village Concepts see www.villageconcepts.com.

Seattle-based Zenith Capital is arranging equity and debt financing for Village Concepts of Bonney Lake. It is the market leader in alternative financing for the senior housing industry.

The senior housing industry is seeing robust growth with a strong outlook for the future, fueled by about 10,000 Baby Boomers retiring daily in the U.S. and the increasing incidence of Alzheimer’s and other forms of dementia that require specialized housing and care.

 

More in Business

Belmont venture offers lavender, much more

The remodeled barn opened as a business in July.

Good economic news in time for the holidays | Don Brunell

But how long will increasing revenue streams last?

Immunizations make a difference | Don Brunell

Venezuela is in deep trouble, partly because its public health system no longer offer the full cycle of vaccinations.

‘Medical spa’ offers variety of skin treatments

Rainier Laser and Aesthetics Center is now open in Enumclaw.

Enumclaw opens new preschool, now enrolling students

Classes for two different age groups are being offered.

Cost matters when businesses hire | Don Brunell

It’s not just wages, but benefits, that companies must consider when hiring or retaining workers.

Military also adjusting to worker shortages | Don Brunell

There are just fewer qualified people in the employment pool to fill jobs which require higher educational standards, more skills, a willingness to work hard, and the dexterity to be part of a team.

Portland shipyard building wave of the future | Don Brunell

While it may not be the first commercial wave energy project, it will be one of the largest.

Carbon fee hurts businesses and families | Don Brunell

A carbon tax would raise over $610 million in its first year and jump to $761 million by 2023, but the added cost from the initiative over 15 years is projected to be 57-cents a gallon.

The Russians are indeed coming | Don Brunell

Russia is now the world’s top wheat producer.

Firehouse Pub: slight change of address but atmosphere remains the same

It was quite the project, renovating the pub’s new home.

Enumclaw’s QFC debuts home delivery service

The first order is free, but other orders will come with a charge.