For retirees looking to enjoy all the sunshine and splendor that Florida has to offer, there will soon be another option to choose from for beachfront living. The South Florida Business Journal reports that The Tower at MorseLife is scheduled to break ground this month and be completed by summer 2017.
The nonprofit, MorseLife Health Systems has plans to use its $138 million received through financing and donations to fund a new senior living complex at the West Palm Beach campus. The project, which is anticipated to be complete by the summer of 2017 will have over 300 living units and boast resort-like amenities such as a wellness spa, gourmet dining, and a pool.
The complex will be constructed in two phases. The first phase will create 135 independent living units in one tower and the second phase will add the remaining 182 units of apartments. After the project is complete, it will span an impressive 300,000 square feet and have a price tag of approximately $77 million.
The Tower at MorseLife is designed alongside their original senior living complex, the Tradition of the Palm Beaches. Since 2004, the Tradition of the Palm Beaches has not only been at capacity but has had a waiting list of retirees looking to settle in. MorseLife may see the same scenario if The Tower is as successful as its contiguous neighbor.
Although the price of each unit at The Tower at MorseLife has not been released, one can only imagine that with such views and amenities it will not be cheap. And while this upscale version of senior living may not be for everyone, seniors that have planned carefully for retirement will be able to enjoy everything The Tower has to offer. For those that are looking toward retirement and want to ensure they have the resources needed to enjoy the best in life, working with a trusted estate planning attorney can help.
Source: South Florida Business Journal, "MorseLife to break ground on senior living tower, nabs $138M in funding through SunTrust," Brian Bandell, Nov. 6, 2015