REDICO and Ciel Senior Living Form Partnership for New Senior Living Community in Rehoboth Beach
New Senior Living Community in Rehoboth Beach
REDICO, a reputable real estate company, has partnered with Ciel Senior Living to establish a new senior living community in Rehoboth Beach, Delaware. This collaborative venture signifies a resurgence of confidence in the development of senior housing as demand for high-quality living conditions for older adults continues to accelerate.
The partnership melds the experience and competency of REDICO in the sphere of real estate investment and development with Ciel Senior Living's innovative operational strategies. Under this partnership, REDICO will spearhead investment and development strategies while Ciel will manage day-to-day operations at the community.
According to Dale Watchowski, CEO of REDICO, the joint venture reflects a renewed interest among investors in senior housing. He mentioned, "Our involvement in this project and our ability to attract financing necessary to make it possible reflects renewed investor interest in this industry." This indicates a robust future for the collaboration, which is expected to yield multiple other communities across various states.
Ciel Senior Living is recognized for its expanding portfolio, currently overseeing more than 3,000 units across 20 communities in 10 states. Edward Burnett, Co-Founder of Ciel, expressed excitement about the project, stating, "This is more than the start of a construction project – it is the realization of a vision." He highlighted that Rehoboth Beach, known for its enriching quality of life and vibrant culture, would benefit greatly from this senior living venture.
The upcoming Ciel of Rehoboth is projected for completion in 2028 and will feature 144 meticulously designed luxury suites, providing options for Independent Living, Assisted Living, and Memory Care. Drawing inspiration from Delaware's coastal heritage, the campus will blend elegant architecture with resort-style amenities, exceptional dining experiences, engaging community programs, and personalized wellness services tailored to residents.
Alexis Martini, President and COO of Ciel Senior Living, commented, "From the resident experience to the design of the community itself, every aspect of Ciel of Rehoboth has been thoughtfully planned to foster connection and promote well-being." This community aims to enable residents to maintain an active and fulfilling lifestyle paralleled with hospitality-driven support.
As Delaware's senior demographic expands, the demand for enriched and service-focused living options has never been greater. Through their strategic partnership, REDICO and Ciel are poised to meet this evolving need with a thoughtfully crafted community that allows seniors to enjoy an enriching and engaging life while receiving the necessary care and support.
About REDICO and Ciel Senior Living
Founded in 1967, REDICO has built a significant footprint in real estate development and investment, managing a vast portfolio of commercial and residential properties. Alongside this, their senior housing division, American House, stands as a leading senior housing provider in the nation.
Ciel Senior Living, on the other hand, prides itself on curating exceptional living experiences, focusing on creating positive and enriching environments for older adults. Committed to redefining senior living, Ciel operates numerous communities across the United States, consistently aiming to enhance the quality of life for its residents.
With their robust backgrounds and shared vision, REDICO and Ciel's joint venture in Rehoboth Beach is anticipated to set a benchmark in the senior living space, exhibiting not just a community but an ecosystem of support and engagement for older adults.