RALEIGH, NC-KRC Avalon Woods, developer of the 152,000 sf, 76-bed Magnolia Glen retirement community, has been approved for a $20 million construction loan on its Creedmoor Road venture.
Magnolia Glenn will comprise 20 cottage units configured as 10 duplexes; a 48-unit, 76-licensed bed assisted living facility; and a 140-unit apartment type residential care building.
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