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Brandon Wilde Life Care Community to begin $26 million expansion project
AUGUSTA – Aug. 19, 2008 – Brandon Wilde, Augusta’s premier life care retirement community and a part of University Health Care System, announced today its plan to begin Phase I of a five-phase expansion project.
The construction project, the first of its kind at the facility since 1996, will increase the number of housing units at Brandon Wilde, as well as give residents an expanded wellness center, which research has shown makes a significant impact in seniors’ quality of life.
“We are very excited to begin this process with the help of University Health Care System,” said Richard Kisner, president and CEO of Brandon Wilde. “Brandon Wilde has always been ahead of curve when it comes to senior health and wellness, and we believe that this expansion will only help cement our position as the premier retirement community in the Southeast.”
Mr. Kisner said Brandon Wilde’s Board of Directors began the strategic planning process for this construction project in 2005, and it was adopted by the board in 2008. The nearly $26 million expansion will be financed through equity from Brandon Wilde as well as more than $22 million in loans from University Health Care System.
Phase I includes the following:
- 30 additional independent living apartments
- 10 additional duplex cottages
- An expanded Wellness Center, which will include an additional 22,000 square feet of space that includes a new pool, new aerobics and fitness space, an indoor walking track and a new healthy eating dining center.
- A new pet park
Brandon Wilde is expected to break ground on construction in mid-2009 after the expansion project’s approval. Housing is expected to be ready for new residents in 2010.