LCS Development leads project to add 61 new residences
DES MOINES, Iowa. August 26, 2021 — Construction on Westminster in Austin, Texas reached a significant milestone as the project was topped out this week. Construction on the $135 million expansion started in June of 2020 amid the COVID-19 pandemic and in July 2021 completed a refinancing of the project debt with the guidance of Zeigler and LCS Development.
Located in the heart of Austin, Westminster is celebrating its 50th year of serving seniors this year as well; the expansion will position it to serve seniors for many years into the future. The community is managed by Life Care Services, An LCS Company.
The multi-phase expansion project includes 61 independent living apartments, 36 assisted living units and 38 memory care units. In addition, an outdoor family friendly courtyard, dog park and under-building parking are included.
“White Construction Company has proven to be an excellent partner in the project and rounds out an exceptional project team, all of which are local to the Austin area. WCC’s attention to detail and their understanding of working in an operational community is a key to this project’s success,” says Dan Novelli, senior project development manager, LCS Development. “Construction of the expansion has progressed exceptionally well, and we are proud to announce that the building is topped out. We’re on pace to complete the project on time and on budget, providing the luxury living that the residents of Westminster deserve.”
The expansion project scope called for LCS Development to coordinate planning, lead development, coordinate the sales process, and provide oversight of design and construction services. LCS Development also assisted with financing and will support other aspects of the expansion as requested by the community’s board of managers.
About LCS Development
LCS Development, An LCS Company, is a full-service third-party developer of Life Plan and rental communities solely dedicated to designing and developing senior living communities since 1971. It has experience in helping owners and sponsors develop highly complex projects in markets throughout the United States. Utilizing four decades of in-house expertise and single-source precision ranging from master planning and design to construction management, sales, finance and more, LCS Development has helped develop more than $2.6 billion worth of projects in the last 10 years. At LCS Development, Experience Is Everything. For more information, visit lcsdevelopmentLCS.com.
About Life Care Services
Life Care Services, An LCS Company, has the experience required to boost community financial performance, increase occupancy, and develop new lifestyle and health initiatives to meet consumer expectations and help communities thrive. With a long track record of excellence, Life Care Services, sets itself apart from other senior living companies with its unique, comprehensive portfolio of support services. Life Care Services is the nation’s second largest operator of senior living communities and has expertise in the management of both Life Plan and rental communities. From independent living to assisted living, skilled nursing to memory care, at Life Care Services, Experience Is Everything. For more information, visit lifecareservicesLCS.com.