Darien: LCB Senior Living (LCB) of Norwood, Mass has purchased One Parklands Drive, formerly one of two office buildings located in Parklands Office Park.
LCB plans to construct a 100,000-square-foot assisted living community with approximately 100 apartments on a four-acre parcel to be known as The Residence at Selleck’s Woods. The property adjoins the Selleck’s Woods Nature Preserve, which provides public access to a series of walking trails. The existing 25,000-square-foot, two-story building will be renovated and an additional 75,000 square feet will be constructed. Parking will be provided under the new wing.
NAI Signature Group was the broker on the transaction which according to NAI “closed following a 30-month process to effect a zone change, a text change, site plan approval and State Traffic Commission approval.”
Construction is expected to begin shortly. The NAI Signature Group team of Nick De Luca and Bob Gillon represented both LCB and the ownership, Parklands Office Park, LLC.
LCB’s made its first Fairfield County site acquisition, a one-acre parcel on Summer Street in Stamford. The company is constructing a seven-story, 100,000-square foot assisted living and memory care community with 104 apartments at that site. Like the Parklands Drive property, a more than two year process of review and zoning changes were required to allow development. According to Gillon, LCB’s approach helped win the approvals.
“This outstanding company takes a local approach to each of its communities, from architectural design through programming, and is committed to becoming an integral part of each community in which it operates,” said Gillon.
Gillon said that “both Stamford and Darien recognized the need to expand senior living units within their borders. “ adding, “despite complex approvals processes, both were collaborative and welcoming.”
“Our communities serve a very local population and we are proud to be perceived as a good neighbor,” said LCB Vice President of Marketing Ted Doyle. “Most of our residents come from a three-to-five-mile radius of our communities. An important part of our mission is to allow local seniors to remain in their home towns, and to enjoy familiar lifestyles, activities and culture in proximity to family and friends -- without the pressures of maintaining an individual home.