Real estate banking firm Dekel Capital has announced $59.4 million in financing for the development of an assisted living and memory care facility in Glendale.
The project, called Sage Glendale Senior Living, will rise at 509-525 W. Elk Avenue. Willis Development is planning a five-story edifice that will feature 81 assisted living units, 24 private memory care units, four semi-private memory care units, and amenities such as a community garden, a library, a theater, classrooms, a commercial kitchen, and a beauty salon.
Construction is anticipated to be complete in early 2020.
According to Dekel Capital, Sage Glendale will be the only senior care development under construction in Glendale, where there are only 20 of such facilities currently in existence.
- Glendale (Urbanize LA)