Search
 

DBA Unveils Plans for $100M Seniors Housing

ROMEOVILLE, IL-Midwest Senior Living will have a total of 348 units of independent and assisted care, and will have a medical office building.

By Gina Kenny | Updated on January 28, 2008

(Read more on the multifamily market.)

ROMEOVILLE, IL-DBA LLC, headquartered in Madison, WI, is developing a seniors housing project on a 29-acre site at the intersection of Grand Haven Circle and Edward Drive. The development has an estimated cost of $100 million, which includes the cost of between $38 million and $45 million to construct the first phase of 348-units, says Dennis Deppisch, principal with DBA. The cost does not include the development of an approximate five-acre parcel of the site that could be sold for the construction of a medical office building, Deppisch says.

The development is off of Weber Road, a main thoroughfare here, says Chet Bredeen, principal with Midwest. Romeoville is “one of the fastest growing areas,” in terms of residential, industrial and commercial developments, Bredeen says. The two buildings that will comprise the first phase of the project will have a total of 407,844 sf. A three-story, 360,430-sf building will have 121 independent living units and 150 assisted living units. The building will also have below-grade parking for 115 cars. A 47,414-sf building will have 77 “Memory Care” units for seniors suffering from Alzheimer’s disease and dementia.

Want to continue reading?
Become a Free ALM Digital Reader.

Once you are an ALM digital member, you’ll receive:

  • Unlimited access to GlobeSt and other free ALM publications
  • Access to 15 years of GlobeSt archives
  • Your choice of GlobeSt digital newsletters and over 70 others from popular sister publications
  • 1 free article* every 30 days across the ALM subscription network
  • Exclusive discounts on ALM events and publications

*May exclude premium content
Already have an account?

NOT FOR REPRINT

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.

GlobeSt

Join GlobeSt

Don't miss crucial news and insights you need to make informed commercial real estate decisions. Join GlobeSt.com now!

  • Free unlimited access to GlobeSt.com's trusted and independent team of experts who provide commercial real estate owners, investors, developers, brokers and finance professionals with comprehensive coverage, analysis and best practices necessary to innovate and build business.
  • Exclusive discounts on ALM and GlobeSt events.
  • Access to other award-winning ALM websites including ThinkAdvisor.com and Law.com.

Already have an account? Sign In Now
Join GlobeSt

Copyright © 2024 ALM Global, LLC. All Rights Reserved.