Revera to invest $75M in new Regina retirement community
May 10, 2016 by On-Site Magazine
REGINA – Revera, owner, operator and investor in the senior living sector is breaking ground today on Green Falls Landing, the company’s newest retirement community in Regina, Sask., scheduled to open in 2018.
This $75-million project is currently the single largest private investment in seniors housing in Regina, and is expected to provide a boost to the local economy through the creation of approximately 300 short-term construction and skilled labour positions at peak construction. Once the community opens, Revera anticipates the creation of another 150 positions ranging from full and part-time jobs to positions offered through other temporary and ancillary services.
“This project represents a significant expansion of our retirement living portfolio in Saskatchewan and marks another milestone of Revera’s strategic plan to serve more seniors by growing its footprint in Canada, the U.S. and the U.K.,” said Thomas Wellner, president and chief executive officer of Revera Inc. “Green Falls Landing will offer an exciting destination for older adults to live life to the fullest through an extensive range of best-in-class services and amenities geared towards providing choice in retirement living.”
Once complete, the company’s new 216-suite community, spread over seven acres of land, will offer a campus-style format and will help residents live life their way through services ranging from independent seniors apartments, to assisted living and memory care.
Green Falls Landing will boast a wide range of amenities, including a 1,600 sq. ft. fitness centre and yoga area, a spa, an outdoor fitness circuit, planting and gardening areas, an art studio and a theatre.
The community will also feature multiple unique dining options including a casual breakfast diner, a formal dining room, a pub and a bistro.
In addition to offering best-in-class services and amenities, Green Falls Landing will introduce the concept of community integration through the inclusion of a 25,000 sq.-ft., publicly-accessible retail plaza that will act as a destination for the entire neighbourhood.
The new community maintains Revera’s ongoing commitment to environmental sustainability by targeting LEED certification. Once built, Green Falls Landing will be one of only a handful of buildings in the province of Saskachewan to attain this environmental standard.