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Bay State Savings Bank Announces Financing of Cedarbrook Village at Ware

July 2, 2019

WORCESTER/WARE, MA / July 2, 2019 - Bay State Savings Bank is proud to announce its financing of Cedarbrook Village at Ware. The Project is the construction of a 119-unit independent and assisted living community facility to be built at 73 South Street in Ware, MA.  The building will be a 3-story facility of approximately 111,763 SF. The facility will have 35 units dedicated to Independent Living, 61 dedicated to Assisted Living and 23 units for Memory Care.  Cedarbrook Village will offer residents a truly innovative wellness model which embodies seven dimensions of wellness: physical, spiritual, emotional, social, intellectual, vocational, and environmental, as are promoted by the International Council on Active Aging, except adapted to suit the needs of persons in a later stage of life.

Maria Heskes-Allard, Bay State Savings Bank’s Senior Lender is especially proud to work with Optimus Senior Living Team.  “Bay State Saving Bank is excited about the opportunities that this development represents.  Optimus plans to offer construction and permanent jobs, housing and other services to its aging residents, and encourage demand for retail services from its local businesses.”

Optimus Senior Living serves as the Property Developer, with construction being completed by FW Madigan Construction Co. of Worcester. Cedarbrook Village at Ware is scheduled to open in the summer of 2020.

If you’re a business seeking commercial financing services, please visit our lending center.

 

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