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VALLEY BUSINESS | BUSINESS ROUNDUP

Senior Resource Group to Build Retirement Residence

July 13, 1999

Senior Resource Group SRG, San Diego, has purchased a 4.5-acre parcel of land in Sherman Oaks and plans to develop a 249-unit full-service retirement residence for seniors.

Developer and managing partner, Senior Resource Group LLC, will manage and operate the $35-million project.

Construction of the Village at Sherman Oaks is expected to begin in October and take approximately one year to complete.

Oakes & Associates, Los Angeles, and Todd & Associates, Phoenix, designed the community, which will be built by Collins Construction, San Diego, and financed by Wells Fargo Bank.

Amenities will include a swimming pool, library and greenhouse as well as on-site dining, health care, housekeeping, transportation and security services.

SRG develops and operates independent and assisted living communities for seniors and Alzheimer's care facilities in the Western states.

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