Henley’s USA division has completed the off-market acquisition of a 779-acre site in Gettysburg, Pennsylvania, which has vested approval for the development of new homes focused on those aged 55 and over with a development value of $400m.
The development, which will be branded as “Amblebrook”, will consist of 2,000 age-restricted housing units, including both single-family attached and detached homes, along with resort-style recreational facilities. Alongside the housing, a portion of the property will be reserved for a working farm that will provide locally grown produce to residents as well as indoor and outdoor pools, a clubhouse, state-of-the-art health and wellness center and a farm-to-table restaurant.
The deal marks Henley Corbelis’ first venture into ‘age-appropriate retirement living’, a sector which is predicted to account for up to 30% of all US housing demand by 2020.
You must be logged in to view premium stories.
Take out a print and online or online only subscription and you will get immediate access to:
To get access to premium content subscribe today
Alternatively REGISTER for a free trial to access up to 4 articles and sign up for email alerts