Fountaingate Gardens Financing News

April 2021 – Gurwin Healthcare System has successfully secured bond financing via H.J. Sims for its new independent living community, Fountaingate Gardens.

The initial phase of Fountaingate Gardens will add 129 independent living apartment and terrace units as well as a 24,000 sf commons building and is being developed on a parcel of land contiguous to the existing Gurwin campus that was acquired for this purpose.

Eventus has been working with Gurwin on Fountaingate Gardens since 2013, initially completing a review of Gurwin’s previous plans for this development and recommending significant design and program modifications as well as a financial plan and a phased development approach. Currently, Eventus is overseeing this phase of development. Sitework began at the end of October 2020 and construction is expected to be completed by mid-2022.

Eventus also recognizes the contributions to this milestone event from the development team, which includes: H.J. Sims, Perkins Eastman, Lecesse Construction, and Dixon Hughes Goodman.

Click here to see an article in Seniors Housing Business on the financing for Fountaingate Gardens.