Madonna planning senior retirement community
August 22, 2015
A San Luis Obispo based developer is planning to build a large-scale retirement community off of Los Osos Valley Road at a cost of approximately $500 million. [Pacific Coast Business Times]
John Madonna, the son of late entrepreneur Alex Madonna, is planning to build a continuing care facility on 11 acres near the Froom Ranch Shopping Center. Madonna’s proposed project includes homes and apartments for independent living, assisted living facilities and skilled nursing homes.
If approved, the continuing care retirement community will consist of 350 residential units for seniors, 200 apartments and 60 to 100 single-family detached units.
In addition, Madonna plans for the community to include a recreation center, restaurants, a library, a pool, gardens, trails and a small theater.
Madonna is planing to take his proposal to the planning department in September.
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