Inside INdiana Business

Groundbreaking set for $30M assisted living project in Goshen

(rendering courtesy of Evergreen Real Estate Group)

GOSHEN, Ind. (Inside INdiana Business) — Chicago-based Evergreen Real Estate Group will Thursday break ground on a $30 million assisted living development in Goshen. The developer says the four-story, 120-unit Green Oaks of Goshen community will target low-income seniors.

Green Oaks of Goshen will include 49 studio and 71 one-bedroom apartments. The units will be reserved for seniors age 62 or older with incomes at or below 80% of the Area Median Income.

Evergreen says the community will be licensed and regulated as a residential care facility by the Indiana State Department of Health and approved as an assisted living Medicaid-waiver provider by the Indiana Family and Social Services Administration. Illinois-based Gardant Management Solutions will operate the community when it opens.

“Green Oaks of Goshen aligns with the city’s goal of creating modern, affordable housing for area seniors, as well as our own mission of creating vibrant residential communities for every income level and stage of life,” Evergreen Chief Executive Officer Steve Rappin said in a news release. “Our partnership with Gardant Management Solutions will ensure residents receive personalized care from a reputable provider, making it possible for them to safely age in place while staying close to where many of them currently live.”

Evergreen did not specify how many jobs will be created, though the community will include certified staff providing 24-hour care and assistance for residents.