Developers in Brunswick County released plans for a new senior living community they described as "a quality of life and continuum of care" unlike similar facilities in Southeastern North Carolina.
"The Charles" will be located on more than 2100 acres at the intersection on NC Highway 211 and Midway Road on Oak Island.
The commercial healthcare and retail campus is strategically located between area hospitals, according to Developer Robert Duffy, who formerly managed St. James Plantation.
Final plans for "The Charles" include as many as 2,250 living units, comprises of single and multi-family homes, including cottages, condominiums, town-homes and assisted living facilities.
Developers expect the project to create some 3,500 jobs over its lifetime, including construction, healthcare services, hospitality, etc.
While similar developments have failed in the past, officials with "The Charles" believe they have all the components to make the senior living community prosper.
"If you look at the projects that have succeeded, they all have one thing in common," Duffy said. "They did not pull the profit out and invest it in three other projects. They kept it in the community. They reinvested in more development and completed the amenities."
Officials say groundbreaking is set for Fall 2014 but development could last for 7 to 15 years depending on the economy.
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