The Sparta Senior Living project is the development, construction, and operation of a new Assisted Living and Independent Living Facility to be developed in Sparta, North Carolina.
Comprised of 37,936 square feet, Sparta Senior Living will feature 72 beds, housed in 24 assisted living units (40 beds) and 32 independent living units (32 beds). Sparta Senior Living will be of traditional design, aiming to provide an affordable facility that caters directly to the middle-class demographic within the region. The Facility will feature desirable amenities such as a salon, bistro, wellness center and activity rooms for residents to enjoy.
With capital expenditures expected to total approximately $13.06 million, the Project intends to combine foreign capital from up to 10 qualified EB-5 immigrant investors with conventional financing and an equity contribution from the Developer, to create about 124 new permanent jobs in the Project’s defined Economic Region.