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Developer outlines Edgewater Village continuing-care community, pledges stormwater controls

Edgewater board · September 4, 2024
AI-Generated Content: All content on this page was generated by AI to highlight key points from the meeting. For complete details and context, we recommend watching the full video. so we can fix them.

Summary

A developer briefed the Edgewater board on a proposed continuing-care retirement community dubbed Edgewater Village, describing phased housing, medical services and amenities and saying the design will not increase runoff; neighbors pressed for engineering details on flooding and road impacts.

Joe Burns, identified to the board as the project presenter, told the Edgewater board the proposed Edgewater Village would be a continuing-care retirement community with multiple levels of care, on-site medical and rehab services, restaurants and a wellness center open to residents and the public.

"No more water is gonna leave our site than is leaving it now, and it's gonna be more controlled by us putting in storm detention," the presenter said when addressing local flooding concerns. He described ranch-style villas (roughly 1,100–1,400 square feet) and multi-level independent and assisted-living buildings, and said the first phase would include villas and independent-living units.

The presenter said zoning and approvals will take about a year and that construction of the first phase would take roughly 12–18 months after that, leading to an estimate of about 2.5 years before the first residents move in. He characterized the project as market-rate rental housing for older adults rather than for-sale product.

The developer cited a market study he said showed local demand and estimated that about 80% of tenants would come from Edgewater, with the rest drawn from the county. He gave a project cost range of approximately $200 million to $250 million and said the development could support several hundred jobs during construction and operation.

Board members asked for clarifications about unit pricing and amenity size after the presentation. The presenter quoted a wide price range for some product types (he cited figures around "$2,000 to $3,000 per month" for certain units and higher ranges for assisted living) and described the wellness center as a major shared facility; the transcript contains two different square-foot figures for that space (2,700 and 27,000), which the developer did not resolve during the meeting.

The board did not take formal action on the project at the meeting; the presenter said the proposal will go before the city council on Sept. 9.