Nov
29

Chicago to Welcome New Retirement Community

November 29, 2010

A groundbreaking ceremony is scheduled for 10:30 a.m. on Tuesday to mark the redevelopment of Chicago’s oldest and longest-serving non-profit organization for seniors.

The New Admiral at the Lake is a life care/continuing care retirement community being built on the Chicago site of its former retirement community, which dates back to 1858 under other names and was torn down in 2007.

The New Admiral at the Lake in Chicago.

The New Admiral at the Lake in Chicago.

Located at Marine Drive and Foster Avenue in Chicago’s Edgewater and Uptown neighborhoods, the new facility will offer a 31-story tower with varying terraced balconies with incredible views of Lake Michigan and downtown Chicago.

What a great way to retire.

Planned for a 2012 opening, the $202 million facility was a collaboration with Kendal, a non-for-profit organization that is investing in Chicago for the first time. When the Admiral opens, Kendal, which is based in Kennett Square, Philadelphia, will operate 11 retirement communities in seven states.

Should be a good opening: Project officials say that interested seniors have put down deposits on more than 80 percent of the independent apartments.

The New Admiral at the Lake will offer:

*200 senior apartment homes with 27 floor plans offering one to three bedrooms each

*39 assisted living residences

*17 memory-support units

*36 private skilled nursing rooms

After Tuesday’s ceremony, attendees will join close to 250 seniors and their families at Saddie & Cycle Club, 900 West Foster Ave., Chicago, which is across the street from the construction site.

There, at the celebratory luncheon, a $10,000 gift will be presented to nearby Goudy Elementary School where Admiral residents volunteer.

For more information on The New Admiral at the Lake, visit thenewadmiral.com.

About The Author

Tracey

Read All Stories By Tracey

Leave a Comment

Copyright © 2008-2017 mRELEVANCE, LLC | Chicago Real Estate News | Chicagoland Real Estate Forum. All rights reserved. Thank you for visiting Chicago Real Estate News Chicagoland Real Estate Forum, Real Estate Listings and Information Provided by MLC Realty, Inc.
Internet Marketing by Marketing RELEVANCE

Equal Housing Opportunity

1819 W Grand Ave | Chicago, IL 60622