PROJECT DESCRIPTION

Tapestry Wickliffe Assisted Living is a new facility under development that specializes in the full spectrum of Assisted Living and Memory Care totaling 167 units.  It is comprised of a four-story building encompassing 56 Memory Care and 111 Assisted Living Units.

Occupancy is expected to commence in the first quarter of 2018

LOCATION

Tapestry Wickliffe
28500 Euclid Ave.
Wickliffe, Ohio 44092

 

Tapestry Walden is located in northeast Ohio along the shores of Lake Erie at the junction of Interstate 90 and I-271 with excellent visibility.   The site is just minutes from Cleveland’s cultural and recreation centers, The Cleveland Clinic, University Hospitals, shopping and Lake County wine country. 

EXISTING SITE

 

The current property is being utilized as a Mosley Select Suites Hotel a 196 room hotel compromising 124,212 SF located on 5.2 Acres.   The building was originally built in 1973 with restaurant and bar, banquet room, indoor swimming pool, spacious 4 story atrium, fitness and game room.

MANAGER, DEVELOPER, SPONSOR

Comprehensive Development and Management Services

Tapestry provides a full continuum of property management, home health care services, construction coordination, construction ownership representation and development of senior housing facilities nationally.  The company also provides financial modeling through a proprietary integrated operating budget, which examines income and expenses for senior housing facilities on a monthly basis from pre-development through 5 years of operations. 

In addition to managing Tapestry portfolio projects, the firm provides third party management and development services.  For additional information please see www.tapestryshm.com.

OWNERSHIP

The property owner is Tapestry Wickliffe, LLC, a single asset Ohio limited liability corporation owned by Tapestry Senior Housing Development FL, LLC.  Tapestry Senior Housing Management, LLC and Tapestry Senior Housing Development, LLC are experienced property managers, construction managers and developers of senior housing, mixed use developments, apartments, hotels and various commercial projects.

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