Calamar To Begin Construction on Senior Apartments in Orchard Park
Calamar purchased 23-acres of vacant land and will being mobilizing for construction of Eagle Crest Senior Village. Eagle Crest will be a 2-story senior apartment community comprised of ninety one and two bedroom units for those 55+ young. The apartments will feature Calamar's "classic" model providing moderately sized living units within a very affordable rent structure, combining many amenities into the rent fee. "Our philosophy is to provide truly affordable rents for the middle income bracket. There are many programs available for those with income restrictions as well as the high-end, expensive retirement communities. We're filling that void in between and providing a much needed and sought after product", said Calamar Assistant Director of Senior Services Sam Reeder.
Eagle Crest represents a $10 Million dollar investment and is the fourth senior housing project Calamar has embarked on in the last 24 months. Calamar also owns and manages 200 one and two bedroom units in The Woodlands Residential Village in Wheatfield, which is part of The Woodlands Corporate Center, a 120-acre mixed use development comprised of commercial, office, industrial, flex, medical, and residential properties with build-to-suit land opportunities as well as multi-tenant space.
"Clearly, there is a tremendous need for more senior housing as our population ages" said Calamar Chairman and CEO Kenneth M. Franasiak. "The demand in is overwhelming and we feel our product fills a niche that was presently void in Western New York to bring high quality, affordable senior options to the marketplace".
Eagle Crest will have a formal ground breaking later this year and is expected to open in Summer 2011.