Renovations are underway at Renaissance Senior Living (formerly Lakeshore Villas) in Tampa. Formation Development Group was retained by our client, a major private equity firm, to oversee the reprogramming and renovation of this 226-unit 1980s vintage independent living, assisted living and memory care community. The buildings on this campus were badly in need of renovation. Work includes converting a vacant skilled nursing building to assisted living, as well as the total renovation of the occupied independent living and memory care buildings. The new operator is Allegro Management Company. FDG is providing asset management services in addition to our management of the renovation and redesign. Please check out the computer animation of the soon-to-be-completed renovation.
Renovations are beginning at Arbor Terrace Shrewsbury (formerly Kensington Court) in Tinton Falls, New Jersey. Formation Development Group and its partner, a major private equity firm, acquired the asset in spring 2016. FDG is managing the reprogramming and renovation of this 124-unit assisted living and memory care community. The new operator is The Arbor Company. FDG is providing asset management services in addition to our management of the renovation and redesign.
Please contact us if you are interested in learning more about our success in renovating and repositioning existing senior living assets..
Formation Development Group (FDG) is an affiliate of Formation Capital, a leading investor in the senior living industry. FDG is known for its distinctive senior living projects in top locations across the United States. The firm invests in its own projects,
and also provides comprehensive development and asset management services to partners and clients.
Please use our Contact Us page, or the contact information below, to learn more about our projects and services:
Mark Spiegel, President
Formation Development Group
178 South Main Street, Suite 375
Alpharetta, Georgia 30009
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The Solana Vintage Preserve
Mount Pleasant, SC
Cooper City, FL
The Solana Deer Park
East Cobb, Atlanta, GA
Formation Development Group has additional projects under development in Greenburgh (Scarsdale), NY, Ridgefield, CT and Solana Beach, CA.
Formation Development Group and its partner, Shelbourne Healthcare Development Group, have obtained zoning approval and are in final design on a 79-unit assisted living and memory care project in Waldwick, New Jersey, in Bergen County, a suburb of New York.
Formation Development Group © 2014
Formation Development Group will be breaking ground soon in Mount Pleasant (Charleston), South Carolina on a 168-unit project with a mix of cottages, independent living, assisted living and memory care. Please click here for article.
Formation Development Group will be breaking ground soon on a 94-unit assisted living and memory care project on Johnson Ferry Road in Marietta, Georgia, a suburb of Atlanta known as "East Cobb."
The principals of FDG have extensive experience in the development, construction, acquisition, disposition, repositioning, operation, marketing, financing and asset management of a variety of senior living communities representing approximately 100 projects with an aggregate value of approximately $1.5 billion.
Please see photos to the left of some of our recent projects.