Several of Connecticut’s 20 life plan senior living communities are in various stages of expansion as aging baby boomers drive demand for new retirement options. One of the state’s largest projects is taking shape in Groton, where Fairview recently secured $304.2 million in financing to build 193 independent living residences and 72 assisted living units, including 28 memory care units. The project, called Vista Point, also will include a 43,000-square-foot amenity center with multiple dining venues, an indoor saltwater pool, a performing arts center and additional recreational offerings. Altogether, the expansion will occupy about 20 acres. Nearby, Stoneridge in Mystic, currently home to 364 residents, recently broke ground on a $72 million expansion that will add 54 independent living apartments and 14 assisted living units to its 34-acre campus. A new development in Stamford, Mozaic Concierge Living, is nearing completion and will include 164 independent living apartments and 42 units for assisted living, memory care and skilled nursing. Projects in Simsbury and Bloomfield are also being pursued. They are all life plan communities, an increasingly popular senior living model that offers a continuum of care — from independent living to skilled nursing — on a single campus, allowing residents to remain in the same community as their care needs change. While contracts vary, residents generally pay a substantial entrance fee based on the size of their unit, along with a monthly fee that covers housing and future healthcare services.
CT retirement communities expand as demand outpaces new development
