Oak Trace To Begin $150M Redevelopment
Oak Trace redevelopment project that will feature new residential living apartments, additional amenities, and courtyards with attractive views.
Oak Trace, a senior living community located in Downers Grove, Ill, recently announced plans for a redevelopment and expansion project. Oak Trace currently features 247 residential living apartment homes and a variety of services and amenities. As part of its Life Care agreement, the community also provides a continuum of healthcare services and accommodations. The first phase of the redevelopment will include a new health center with 66 assisted living apartments, 28 memory support suites and 102 skilled nursing suites, with private courtyards and attractive views.
Construction on phase one of the redevelopment project will begin in September and is expected to be complete in 2019. Shortly thereafter, the second phase will begin with the addition of more than 150 residential living apartments. There will be a variety of options for floor plans and new amenities, including multiple restaurants, a fitness center and spa, and an expansion of the library and auditorium for continued learning and entertainment functions. This second phase will cost approximately $81 million.
A groundbreaking ceremony for the start of construction is scheduled for September 6.