by Steve Lubetkin, Globest.com
South Bay Partners, in a joint venture with LAMB Properties has purchased approximately 7.9 acres and will break ground in February 2019 on Sage at Mattison Estates, a four-story class A luxury rental senior living community. Sage at Mattison Estates will be “next stage senior living” with a focus on holistic aging.
The community will be comprised of 156 independent living units, 62 assisted living units and 32 memory care units with secure, structured parking. As previously reported by GlobeSt.com, a joint venture of the Goldenberg Group and Guidi Homes recently acquired a 50-acre tract encompassing the Mattison Estates, and plans to develop luxury townhomes and carriage houses on a portion of the property.
Sage at Mattison Estates will include extensive amenities and community spaces for its residents including an indoor pool, fitness center, yoga studio, several bar and lounge areas, two theaters, outdoor garden, dog wash and dog run, art studio, multiple indoor and outdoor dining venues and courtyard areas with barbeque grills, fire pits, seating areas, a putting green, etc. Residents will enjoy easy access to the shops and restaurants of downtown Ambler and Spring House Village; all within 2.5 miles of Sage at Mattison Estates.
“We are excited to bring upscale senior living to the dynamic growth of Upper Dublin Township,” says Joel Sherman, chief investment officer for South Bay Partners. “We believe there is tremendous demand for upscale, amenity-rich rental senior housing in suburban in-fill locations. The community will offer an active, engaged lifestyle to the seniors of Upper Dublin Township and neighboring communities.”
Sage at Mattison Estates will open in spring of 2021 with pre-leasing starting in spring of 2020. SageLife will manage Sage at Mattison Estates. The locally based company’s stated mission is to encourage, empower, and celebrate successful aging.
“Sage is unique in that we go where our residents take us,” says company president Kelly Andress. “Our communities always reflect the priorities and preferences of the people who make their homes in them.”
www.omegare.com
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