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MassDevelopment Finances Longmeadow Retirement Community Expansion

Jan 23, 2013 | Reprints | Unlock Link | Print

MassDevelopment has issued a $3 million bond on behalf of Glenmeadow Inc., a nonprofit continuing care retirement community in Longmeadow.

The organization will use bond proceeds to renovate its main building by updating public and office spaces; building an additional dining venue; expanding wellness activities space; and improving common areas. The project will create 20 construction jobs. People’s Bank purchased the bond.

"Glenmeadow is a regional resource for Pioneer Valley seniors," MassDevelopment President and CEO Marty Jones said in a statement. "We’re pleased to provide access to this low-cost financing so the community can improve its hub, expanding its reach and services to those seeking care in retirement."

Commercial & Industrial