NICHOLASVILLE — Officials are pleased by the initial level of interest in Limestone Crossing, the new retirement community linked with the University of Kentucky that's coming to northern Jessamine County.
During an open house Thursday at the newly opened model home and welcome center, UK President Lee Todd noted that 268 people have signed up as "priority depositors." Those are folks who have put down a $1,000 refundable deposit to be the first ones to look at floor plans and learn the pricing.
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"We're happy with the initial response," said Matt Weaver, executive vice president of Praxeis, the Florida-based company that will finance, build and manage the new retirement community.
Limestone Crossing will have 270 residential units. After 189 of those 270 have been spoken for with a 10 percent deposit, construction will begin in the summer or fall of 2010. Residents must be at least 62 years old or part of a couple of which one partner is 62 or older.
The community will have 15 units, starting at $297,000. "The prices go up from there based on the type of unit," Weaver said.
Visitors were impressed by the 1,192-square-foot apartment on display.
"Looks very nice," said Charlie Holmes, as he walked through the living room carrying a plate of hors d'oeuvres.
Community members will receive access to private accommodations in assisted living, skilled nursing and even Alzheimer's care as they need it.
"Folks move in while they are still healthy and independent," said Dave Stauffer, senior vice president of sales and marketing. "And then as they need to transition later in life to levels of care, we provide all of that on our campus for them at no appreciable price increase. Their monthly fee stays essentially the same, so they have the financial protection of that."
Lifelong learning will be part of Limestone Crossing as residents will be able to take courses through UK. Classes have already begun there. On Thursday, the model home welcomed 34 Donovan Scholars, participants in a program in which people over age 65 can take UK classes. They began an eight-week course on "colonial America between settlement and revolution." On Friday, a 12-week course in advanced Italian begins there.
Praxeis has other university-linked retirement communities, including Oak Hammock at the University of Florida in Gainesville and another with the University of South Florida-St. Petersburg.
The Limestone Crossing model home and welcome center will have a public open house from 2-6 p.m. Friday. The model home is the last building on the left at the far eastern edge of Brannon Crossing, the shopping center off U.S. 27 in northern Jessamine County.