Lucy Corr Village, a continuing care retirement community in Chesterfield County, is looking towards the future as it explores plans to build additional independent living cottages and to create a home health-care division.
According to Lucy Corr, the expansions will be possible in part through $21.2 million in financing secured from SunTrust Bank.
With an estimated 20 percent of the population reaching 65 years or older by 2030, the need for varying types of long-term care is expected to rise.“The needs and expectations of seniors are constantly evolving, and it’s important that Lucy Corr is equipped to deliver on those expectations,” Derrick Kendall, CEO at Lucy Corr Village, said in a statement. “The financing from SunTrust Bank combined with their aging services industry expertise will help us as we embark upon this next chapter of growth and consider expansion to better serve our residents and the senior population overall.”
Lucy Corr Village is currently the only continuing care retirement community south of the James River that offers multiple levels of care, ranging from independent living to assisted living, skilled nursing and short-term rehab and adult day services. It started as a nursing home more than 40 years ago.
