Courtyard Luxury Senior Living at 111 West Main St. in Clinton Town will include 100 units for assisted living and 22 beds for a residential memory care program. — Courtesy: Unity Bank
By Joshua Burd
A developer has snagged a multimillion-dollar construction loan for a 122-unit assisted living and memory care residential facility in Clinton Town.
The lender, Unity Bank, said the project by entrepreneur Gulshan Chhabra will also bring an adult day care center to the site at 111 West Main St. Plans call for Courtyard Luxury Senior Living to open in March, bringing new life to a former Holiday Inn property.
Additional loan terms were not disclosed.
“We are creating the premier assisted living facility in the United States,” said Chhabra, who had owned the hotel since 2011. “Unity Bank and Clinton’s Mayor and Town Council have all been extremely supportive. Courtyard Luxury Senior Living will fill a community need because there is a shortage of approximately 1,100 assisted living beds in our marketplace. We are filling that need with a facility that merges luxury, comfort and quality care, creating an unparalleled living experience for seniors.”
In a news release, Unity Bank noted that the Holiday Inn closed during the COVID-19 pandemic. The new five-story, 109,000-square-foot building will have three distinct programs, including 100 units for assisted living on floors two through four and 22 beds for a residential memory care program on the fifth floor for those with cognitive disorders such as Alzheimer’s and dementia.
An adult day care center on the first floor will accommodate up to 105 seniors daily and have a separate entrance from the residential programs, the news release said. The facility will also include 12 affordable housing units for Clinton, while it will employ roughly 80 people.
“Launching the new assisted living facility in Clinton signifies our commitment to not only enriching the lives of our seniors, but also addressing our community’s need for affordable housing,” Mayor Janice Kovach said. “This innovative project reflects our dedication to creating inclusive spaces that benefit residents of all ages.”
Chhabra, who is trained as a mechanical and aeronautical engineer, said he expects the nine-acre property to be completely renovated by late February with features such as a salon, a library, a theater, a game room, a heated swimming pool, a fitness center, common lounges, restaurants, and on-site pharmacy and physical therapy services.
“Gulshan Chhabra has been a Unity Bank customer for many years, so it was a privilege to help bring his vision for Courtyard Luxury Senior Living to fruition,” Unity Bank CEO and President James A. Hughes said. “As a community bank, we are committed to working with business owners and investors who want to improve the quality of life for our neighbors. We look forward to Gulshan’s continued success in the community while serving the needs of seniors.”
