South Bay Partners and SageLife to Develop Luxury Senior Living in Upper Dublin, PA
UPPER DUBLIN, PA–South Bay Partners, Inc. through its joint venture with LAMB Properties, LLC, has closed on the purchase of approximately 7.9 acres and will break ground in February 2019 on Sage at Mattison Estates, a four-story Class A luxury rental senior living community. Sage at Mattison Estates will be “next stage senior living” with focus on holistic aging. The community will be comprised of 156 independent living units, 62 assisted living units and 32 memory care units with secure, structured parking.
Sage at Mattison Estates will include extensive amenities and community spaces for its residents including an indoor pool, fitness center, yoga studio, several bar and lounge areas, two theaters, outdoor garden, dog wash and dog run, art studio, multiple indoor and outdoor dining venues and courtyard areas with barbeque grills, fire pits, seating areas, a putting green, etc. Residents will enjoy a best-in-class experience with easy access to the shops and restaurants of downtown Ambler and Spring House Village; all within 2.5 miles of Sage at Mattison Estates.
“We are excited to bring upscale senior living to the dynamic growth of Upper Dublin Township,” said Joel Sherman, Chief Investment Officer for South Bay Partners, Inc. “We believe there is tremendous demand for upscale, amenity-rich rental senior housing in suburban in-fill locations. The community will offer an active, engaged lifestyle to the seniors of Upper Dublin Township and neighboring communities.”
Sage at Mattison Estates will open in spring of 2021 with pre-leasing starting in spring of 2020. SageLife will manage Sage at Mattison Estates. The locally based company’s stated mission is to encourage, empower, and celebrate successful aging. “Sage is unique in that we go where our residents take us,” said company President Kelly Andress, “Our communities always reflect the priorities and preferences of the people who make their homes in them.”
Headquartered in Dallas and with a 24-year history, South Bay Partners has completed development of over 10,000 senior living units nationwide, with a total cost of over $1 billion, and has experience developing all senior living product types including senior apartments, independent living, assisted living, memory care and skilled nursing. The company currently has just under 2,000 units under construction or in design/predevelopment throughout the U.S. with a total capitalization of over $1 billion.
SageLife, headquartered in Springfield, Delaware County, PA, owns and/or operates five communities in the Philadelphia area: Plush Mills in Wallingford, Daylesford Crossing in Paoli, Kyffin Grove in North Wales, and Echo Lake in Malvern as well as three communities in Maryland. A new community, Ovation at Riverwalk, is under development in Plainsboro, NJ.