Westminster Communities of Florida is seeking approximately $191 million in financing for senior living construction and renovations across the state, including new apartment buildings, assisted living facilities and memory care services at five properties in St. Petersburg and Bradenton.
The nonprofit retirement housing provider, which operates under Presbyterian Retirement Communities Inc., plans to use the money for construction and improvements at 11 campuses across Florida. The Florida Local Government Finance Commission was scheduled to consider final authorization Tuesday, Oct. 27, for up to $250 million in bonds, although the estimated issuance is closer to $191 million.
Among the local projects, Westminster Shores at 125 56th Avenue South in St. Petersburg would receive two apartment buildings containing new and replacement residential units, along with a replacement assisted living facility. The planned construction would take place on both sides of Bahama Shores Drive South, between 56th and 57th avenues…