Waterfront retirement communities going different directions

Apr 25th, 2017 | By | Category: News

Plans for one retirement community on Tacoma’s waterfront have been canceled, but another one is still in the works.

Transforming Age, a not-for-profit firm previously known as Presbyterian Retirement Communities Northwest, won’t build a 108-apartment complex on Foss Waterway. The project, which had been tentatively scheduled to be finished in 2019, was announced early last year, but the organization has since decided not to go forward with it.

Foss Waterway Development Authority, which manages development of property along waterway, learned of the project’s cancellation in a letter from Transforming Age.

Meanwhile, Seattle-based GenCare Lifestyle plans to build a retirement community in Point Ruston, a development area at the north end of Ruston Way next to Commencement Bay. The $55 million project calls for 150 units for independent and assisted living in a six-story building that could open by fall 2018.

GenCare, whose headquarters is in Seattle, already has retirement communities in Renton, Seattle, Lynnwood and Granite Falls.

 

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