LCS Reaches Agreement with Ocean Land Investments to Provide Development Consulting and Management Services for Riverwalk Residences of Las Olas

May 16, 2018

DES MOINES, Iowa— LCS and Ocean Land Investments today announced that the companies have reached an agreement to provide development consulting, marketing, and management services for Riverwalk Residences of Las Olas, South Florida’s newest, urban high-rise senior living community. LCS Development and Life Care Services, both LCS companies, will provide development consulting and marketing and management services, respectively.

Located in downtown Fort Lauderdale near the shops and restaurants of Las Olas Boulevard, Riverwalk Residences of Las Olas will be the first downtown high-rise senior living community in Florida. The 42-story community will include independent, assisted, and memory care residences.

Construction is expected to start in Spring 2019 and it is expected to open in Summer 2021. The $215 million community will offer high-end amenities such as 5-star restaurants with nationally renowned chefs, state-of-the-art fitness and physical therapy centers, and a gourmet market on the ground floor that will be open to the public.

“Riverwalk Residences will be an ultra-luxurious senior living community that is comparable to high-rise communities in downtown New York, Seattle, and Chicago, says Jean-Francois Roy, founder, president, and general partner of Ocean Land Investments. “We visited The Clare in downtown Chicago and were very impressed with the community and how LCS made the residents their number one priority.”

The Clare is a Senior Care Development, LLC affiliated community that is managed by Life Care Services. Located in downtown Chicago, The Clare is a high-end, high-rise community with 245 independent, 26 assisted, 14 memory care, and 48 health center residences. Managing a luxury, high-rise property takes a unique perspective, one that Life Care Services has developed over its time at The Clare. Life Care Services looks forward to helping Riverwalk Residences become a one-of-a-kind community for seniors.

“A project is most successful when the ownership, development, and management teams have aligned principles, visions, and values, says Rick Exline, EVP and senior managing director of Life Plan Communities for LCS. “This new relationship with Ocean Land Investments has all those elements and we are excited to work with them to bring Riverwalk Residences to life.”

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