Luxury Senior Community Coming Soon to South Portland

We recently negotiated the sale of 10 & 20 Executive Drive in South Portland. The 9.71 acre land parcel sold to RLC Portland Retirement Community, LLC for $4,000,000 by Affordable Midcoast Housing, LLC. The property will be developed by Resort Lifestyle Communities with plans to build a 128-unit, 55+ senior housing complex. The senior community would feature fully equipped luxury apartments, social programs and shuttle service, along with a pharmacy, bank, hairdresser, gift shop, health club, movie theater and two restaurants offering 24-hour casual or fine dining. Tom Moulton, CCIM, SIOR represented Resort Lifestyles Communities in the sale.