Assisted Living Facility Desired for Route 130 Plot
A real estate professional is hoping to bring in a developer to open a healthcare facility for senior citizens.
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A commercial real estate professional is searching for a developer to turn an empty plot of land along Route 130 into an assisted living facility or nursing home.
The privately owned land, near the Walmart shopping center, has been on the market for seven years. Jeffrey Lucas, with Rose Commercial Real Estate, said a healthcare facility is what the corridor needs.
“We looked at the Route 130 corridor and we haven’t seen any new assisted living or nursing home building in many, many years,” said Lucas.
The project is in its infancy; in fact, there is no project yet. When the property owner wanted to act on the land, Lucas said he drew three circles. One is what will fit into the space. The second is what will the market support. The third is what the governing body will support.
“Where they overlap, we can make something happen,” Lucas said. “With the township’s support, we will go out to market the property and talk to developers all over the country and bring in the best quality [one] that we can find to do the best quality product.”
The lot is four acres and used to be home to an industrial building that housed bank records.
“We’re now looking for the next generation,” Lucas said.
The proposed concept is for a 40,000-square-foot, four-story, assisted living/nursing home. It could also be home to a special needs center or other medical use, Lucas said.
According to a concept plan drafted by Stout & Caldwell Engineers, there would also be a senior garden area and basin area near Union Landing Road.
Parking would be behind the facility.
Since the property is in a redevelopment zone, a special redeveloper’s agreement would need to be negotiated and finalized.
“This property is strategically located to serve,” Lucas said. “We looked at the Delran, Moorestown and Cinnaminson communities. What’s interesting about this is that people that are in this age category (75 and older), they wind up in a facility close where their children live.”
Lucas said since there isn’t many facilities like this around—the seniors can stay local with this facility.
Similar facilities, Lucas said, include Brightview in Marlton and Brandywine in Moorestown.
“What we’re looking to do is promote a diversity of use,” said Deputy Mayor Anthony Minniti who serves as the director of economic development. “We don’t have anything like this. It’s one more different and new option—that sort of mix we’re looking for on Route 130.”
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Lynzers
7:22 am on Tuesday, October 23, 2012
Although we are continuing to experience a boom in the senior population, there remain many empty rooms in the senior facilities in the area. More Medicaid beds being offered would be the only advantage. The economy is beginning to impact on the availability of funds that seniors will have to reside in these accommodations. Medicare does not pay for nursing homes except for a period of limited skill care needs, and no payment by Medicare for assisted living.
Nancy VanTwistern
12:45 pm on Tuesday, October 23, 2012
My Mother was able to stay after she'd used up all of her money...but it was not for a long long time as she was old and passed away BUT..I'd say that the state paid and she also received about $35/mo for small expenses. We were grateful for that as we could not afford at all to pay what it had cost each month and she wanted to stay in the area she had lived in, not with us. She knew other people, friends at the facility which was good for her.
Terry White
7:34 am on Tuesday, October 23, 2012
I totally agree with the first poster. If seniors can not sell the houses they live in now, many will not be able to afford to move into an assisted living facility.
Nancy VanTwistern
3:33 pm on Friday, October 26, 2012
Just had a RE Agent give us a price for what we could reasonably get for our house. Have to decide whether to go or stay....well........when figuring what we spent on the home since buying, we'd just about come out even in this economy. A REAL SHOCKER!!! TO GO OR STAY, that is the question as many of those assisted living facilities are priced way over what we could pay. AND, even buying a much smaller home would be difficult.........what to do???? Who knows???
Nancy VanTwistern
9:02 am on Tuesday, October 23, 2012
Being of "an age" we have looked into many assissted living facilities or just senior type developments....we find that most of them are way beyond our means. The montly fees along with other expenses that we have are too much for us. AND, many, when your money is gone, do not let you stay. Also, one we looked at would have to get a detailed account of our financial situation before even considering us. SOOO, we'll just move out of state and hopefully find a small home in an area that is less expensive.......like Maine....beautiful state with lots of seniors (and family).
Ric
10:20 am on Tuesday, October 23, 2012
Hi Nancy, Maine is so cold in the winter and so beautiful in the summer. If you do not like mosquitos avoid the southern coastal area. My aunt moved to Oklahoma because costs, especially real estate and taxes, are low. What I like best about Oklahoma, unlike Cinnaminson, they realize seniors do not use a lot of their services so real estate taxes for seniors are much lower.
Nice to know outside of New Jersey we are appreciated.
tomas
11:15 am on Tuesday, October 23, 2012
Why would they let you stay if your money was gone?
Lynzers
7:49 am on Wednesday, October 24, 2012
Sounds like a wonderful plan...a small cottage in a picturesque, peaceful setting. And a small yard!
Nancy VanTwistern
3:37 pm on Friday, October 26, 2012
Someone mentioned that since many seniors move to Maine....for the same reasons we would..........the cost of homes AND senior facilities is not that much lower....so again I say......what are we to do? Stay in our getting to be too big home? Have a hard time w shopping and all that stuff what with the increase of traffic on Rt. 130... lots of 'speed demons' out there with no consideration for 'anybody'. We all get old some day so guess lots of posters could learn and then plan, somehow, for their retirement. Seems Cinnaminson has lots and lots of seniors who still live in the homes they bought when first built....makes it more difficult to sell.......Oh well, things could be much worse so shouldn't complain.
Alison
10:02 am on Tuesday, October 23, 2012
My Mom has looked into several assisted living facilities in the area. Her problem is not the financial aspect at most of these places. It's the amenities that they offer. She now lives in a single family home in an over 55 community that has an exercise room, out door pool and offers activities in the community hall. She's not finding these offerings at most of the assisted living facilities and they're things that she enjoys. I would hope that the market research includes polling local seniors to find out what they're looking for in an assisted living facility. I think they would find that some would rather not have the burden of taking care of a home, cooking their own meals and driving themselves to appointments, etc., but would still like to maintain some sort of active lifestyle. Of course, I would love to have my Mom even closer to my house so I would love to see this property developed for this use.
Roger Hare
10:17 am on Tuesday, October 23, 2012
This is why at age 30 My wife and I bought Long-Term Care Insurance. I have a family history of Parkinson's and my wife's parents both died of cancer at a early age. The chances of either one of us spending time in a facility like this is great.
Nancy VanTwistern
12:49 pm on Tuesday, October 23, 2012
You were so smart to buy LTC Insurance so young!! We didn't get it until just after we were in our seventies..AND...it sure is expensive and each year our premiums go up. NOW, I am sorry we got it as we are in our low 80's and it 'eats' quite a chunk out of our savings/investments etc..BUT, IF we have to go into continual care at least the 'care' won't wipe us out........I hope.........who the heck knows and can't really worry about it now as is too late. YOUR WERE SMART TO GET IT WHEN IT IS CHEAPER WHEN YOUNG!
Ross Chatham
10:18 am on Tuesday, October 23, 2012
When did we stop calling them Nursing Homes?
Phil
10:56 am on Tuesday, October 23, 2012
I think with assisted living, the tenants are able to come and go as they please and have the means to do so whereas nursing home is more of a live totally in and the facility provides for all activities including meals and transportation.
Nancy VanTwistern
12:54 pm on Tuesday, October 23, 2012
This is how it works.........you either rent a house (if the facility has them and if there are any vacant) or apartment. When you no longer can take 'full' care of yourself you go into 'assisted living' where you have help with everyday things like bathing or meals etc.. THEN, when you become incapacitated it is usually very expensive UNLESS they also take aid from the state or wherever. This aid changes, I believe, from state to state....AND, since we've looked into them it has changed every year or so............we're just 'hangin' in' on our own and doing fine, so far!
Nancy VanTwistern
12:42 pm on Tuesday, October 23, 2012
For Tomas...............often senior assisted living allows seniors to stay using financial assistance given by the state........Medicaid kinda thingo...........they still make money but usually not what the person had been paying before the money was all gone. This happened w my Mother....in New Jersey...it's actually welfare. I believe that with people living longer now, this happens often and I guess that's why so many ARE expensive or don't let you stay. Not all senior living places accept Medicaid people.
Benyamin
12:36 am on Wednesday, October 24, 2012
As part of my job I visit these facilities everyday. They are not located on a busy highway with trucks and loud sport bikes all day and night long. A stupid location planned by another idiot real estate developer.
John
2:17 pm on Wednesday, December 5, 2012
Thats life around here, build it and worry about things afterwards then fine them...Its great....no one cares anymore, its just the way it goes.....
Nancy VanTwistern
5:05 pm on Wednesday, December 5, 2012
From what I've observed..........people using this type of facility are growing deaf anyway. I need hearing aids and can still get around fine but eventually....????? Therefore, I don't believe 'location' comes into the equation BUT it sure would be nicer for a home like that to be in the woods somewhere, with fresh air to breath whenever the elderly could go outside........................???
Lynzers
7:49 am on Thursday, December 6, 2012
Hearing deficit, or any other sensory deficit....residents of these facilities deserve a quiet, park-like setting within a stress-free environment!