To help meet growing demand, Princeton-based Solvere Living is developing its first community, the Homestead at Hamilton in Mercer County. A study by the company shows the area is home to an expanding number of seniors, with about two-thirds of the population estimated to be above age 60 by 2020. The new community will provide 195 apartments for independent living, assisted living and memory care, located on a 24-acre site at the corner of Kuser and Klockner Roads in Hamilton, about an hour’s drive from New York City, Philadelphia and the Jersey Shore.
Solvere and Pike Construction Co. LLC, co-developer and general contractor, are investing $59.1 million in the project. The Homestead at Hamilton is expected to create more than 430 direct and indirect jobs for the area, with an annual payroll in excess of $1 million.
“We looked for the best and most convenient location to serve the retirement, assisted living and memory care needs of the growing number of older citizens in the region,” said Kristin Kutac Ward, president and CEO of Princeton, NJ-based Solvere Living. “Homestead will provide the newest amenities, services and care, all designed for individual lifestyle flexibility.”
Homestead will provide an emphasis on a healthy living environment and concierge-type services for seniors able to live independently, as well as those needing assisted living or memory care. A whole-person wellness program and a range of social activities are designed to support resident independence. There will be 96 independent living apartments; 75 assisted living apartments and 24 apartments for memory-care. The amenities and services-rich community will include: casual and formal dining, bar and lounge; state-of-the-art fitness center and exercise studio; hair salon, spa, theatre, convenience store; transportation, maintenance and repair, along with other features.
Article published by New Jersey Business, A Publication of the New Jersey Business and Industry Association