RALEIGH, N.C. — Singh Development, a multifamily owner-operator with communities in Michigan and North Carolina, has started construction of Waltonwood Lake Boone, a 183-unit independent living, assisted living and memory care community in Raleigh.
Development costs for the 285,000-square-foot project are estimated at $50 million. It is situated on six acres, and will feature 121 independent living units, 39 assisted living units and 23 memory care units.
This is Singh’s second Raleigh-area seniors housing project. It is scheduled to open in the first quarter of 2018.