Exton Real Estate Developer Breaks Ground on Affordable Senior Living Project in Phoenixville
On November 1, the Hankin Group, an Exton-based construction company, broke ground on an affordable senior living project in Phoenixville. The site of the new housing project is located at the corner of Buchanan and Morgan Streets, the property of the former Borough of Phoenixville maintenance building. According to a press release, the borough donated the maintenance site to meet the ever-increasing housing demand.
The building will be a 50-unit affordable senior living project focused on healthy lifestyles. The press release states that the project is a joint venture of multiple organizations.
“To tackle the growing issue of housing costs outpacing income, the Phoenixville Senior Housing project was created with full support and effort made by multiple organizations. Phoenixville Senior Housing is provided in joint venture by Hankin Group, PA Housing Finance Agency, Borough of Phoenixville, Chester County Department of Community Development, Key Bank and Phoenixville Federal Bank.”Phoenixville Borough Press Release
An Instagram post shows several key leaders–including Mayor Urscheler–breaking ground on the new facility.
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The building along with its real estate developer will be providing unique opportunities for residents.
“The development will include accessible units and access to group activity, community, and fitness rooms. A supportive services office will monitor and counsel the tenants on a variety of healthy lifestyle topics. Hankin Group has entered MOUs with Health Care Access, the Clinic and Phoenixville Hospital to administer healthcare-related services to increase the knowledge, self-care, and awareness of the mental, emotional, physical, social, and spiritual aspects of health in the residents through healthy eating, exercise, disease management, referrals to specialized health resources, and defined healthcare services plans.”Phoenixville Borough Press Release
Construction at the vacant property aims to meet the needs of the current housing demand.