Plymouth Harbor plans 70 new units
by: Robin Hartill via TheObserver.com
Plymouth Harbor is planning for a growth spurt.
By early 2017, the Sarasota Bay retirement community, located at 700 John Ringling Blvd., plans to build a new 150,000-square-foot building with three stories over parking in the property’s western-most parking area that’s adjacent to the Smith Care Center.
Plymouth Harbor is still finalizing the number of units it will seek, but it is currently planning approximately 70 new residences: 30 in a memory-care unit, 30 assisted-living units and 10 independent-living units.
The estimated cost of the project is $21 million to $25 million, which will be funded through both traditional bank financing and a bond.