Iowa developer Wendell Corey wants to build an assisted living facility in Ocoee dedicated to memory care.
A final site plan for the project at 1900 E. Silver Star Rd. won city commission approval last week.
The proposed project, called Cottages at Ocoee, is a 96-bed assisted living facility made up of four one-story residential buildings and one commons building, totaling approximately 66,725 square feet.
The final site plan shows the facility will have its main access point at Johio Shores Road with another access point on Old Silver Star Road for emergency access.
Corey bought the 6.9-acre undeveloped property early last year for $429,900. The sellers were husband and wife Ibrahim and Magda Ahmad.
Corey told GrowthSpotter he’s currently meeting with lenders to help finance the project, which he said will costs around $25 million to complete. He hopes to break ground by the end of this year.
The facility will offer specialized care for residents with memory-loss conditions like Alzheimer’s Disease, he said. Features may include acuity-based staffing practices, which can mean higher staffing levels that provide 24/7 observation and assistance.
Over the last two years, the area has seen a number of residential developments pop up near where Cottages at Ocoee is proposed.
K. Hovnanian Homes is currently building out its 50 single-family home community at 1910 E Silver Star Rd. called Ocoee Landings, and Avex Homes has almost completed its 43 single-family Ocoee Reserve residential subdivision at 8600 Silver Star Road.
Also in the pipeline for Ocoee is developer Richard Wohlfarth’s Ocoee Village Center, slated to bring a mix of apartments, townhomes and more than 150,000 square feet of commercial space at the intersection of Clarcona Ocoee Road and North Lakewood Avenue.
Park Square Commercial, a division of Park Square Homes, is planning a 148-room independent living facility at 868 Roberson Road.