$23.4 million in funding secured for ‘affordable’ assisted living next to The Villages – Villages-News

A $23.4 million construction loan has been extended for an “affordable” assisted living facility to be built adjacent to The Villages.

The loan has been secured for Stonegate at Wildwood, a 130-unit housing development in Oxford. It will be located on County Road 472 (Rainey Trail) across from Lake Miona Shores. Stonegate at Wildwood will be a two-story property located on an approximately 3.9-acre parcel.

This map shows the location of Stonegate on County Road 472
This map shows the location of Stonegate on County Road 472.
The sign at Stonegate at Wildwood touts 22affordable22 assisted living
The sign at Stonegate at Wildwood touts “affordable” assisted living.
A rendering of Stonegate at Wildwood
A rendering of Stonegate at Wildwood.

Stonegate at Wildwood is the second “middle market” community being developed by Stonegate. This project will be the first affordable middle-market community in The Villages metro area and offer rates up to $1,000 less than the competition.