Senior Care Ownership 1 Inc. is preparing to break ground on a $37 million NFL assisted living facility in Kenner, La.Rendering courtesy of Validus Senior Living
The three-story, 105,000-sq-ft facility will be constructed on a 9-acre lot and is designed to accommodate up to 160 residents. Called "Inspired Living at Kenner," the complex will feature living facilities, a swimming pool, walking path, dog park, ponds and 110 parking spaces.
The project is one of 33 facilities being planned near cities with high concentrations of retired NFL players. The centers are designed to offer memory-loss treatment and assisted living services and are the result of a class-action settlement between the league and thousands of former players regarding repeated head injuries. The Kenner facility will feature a main building to accommodate 100 residents and a separate memory care wing to accommodate another 60 residents.
The project is being financed by a bond issue of $37 million through the Louisiana Public Facilities Authority, a public trust and corporation that issues taxable and tax-exempt bonds to finance public and private projects through the state.
Validus Senior Living is expected to spend more than $1.1 billion constructing the facilities over the next five years. Contractors recently broke ground at another facility in Orlando, Fla.
A Validus spokeswoman told the New Orleans Advocate in late-September that the group hopes to finish construction of the facility by 2016.