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plans to open the 65,000-square-foot facility this fall at 4870 Belforr Road nextto St. Luke’s Hospital. The assisted livingg and Alzheimer’s care facility will be able to offer more than 90 residentxs a variety of amenitiesand services. “Sunrise is excite d to bring this new community to Jacksonville and believexthe area’s demographics make it a great place for its first community in Northeast company spokeswoman Sara Krueger said of the new Referred to as one of the company’s “mansion because of its upscale, home-liker setting, the facility will also offer a special program for those with onset memoryy loss. McLean, Va.
-based Sunrise Senior Living SRZ) operates about 450 facilities aroundthe Canada, the United Kingdomm and Germany, including eight others in Florida. But the companyg has struggled financially inrecent months, reporting a fourthn quarter 2008 loss of $305.6 million and announcing that if it did not restructur its debts to the satisfaction of its creditors it would be forced to file for bankruptcy according to the Washington Businesse Journal. The company struck a new deal with lenders at the end of Apriol and in May announcesda cost-savings plan that included laying off 150 mostly at the company headquarters, and terminatinv the chief financial officer.
Sunrise Senior Living reporte d less of a loss in the first quarter losing $18.2 million, or 36 cents per dilutes share, compared with a net loss of $33. 1 million, or 66 cents per diluted share in the firstyquarter 2008. According to the company’se latest earnings report, as of March Sunrise Senior Living had 14 communities under construction in Nort America andthe U.K. Sunrise of Jacksonvillse started construction in December 2007 and when completd will employ 75 to100 people. A companyt representative declined comment on the cost of construction for the new facilitu in Jacksonville or plans for any future Sunrise Senio r Living facilities inthe area.
Glenn Palmer, the Collierw Dickinson vice president who helped the company find the land tobuildx on, said the company was at one point lookintg for multiple pieces of land in the area but stoppedx future development plans because of the declining “We are fortunate to have this mansion care facilityu in Jacksonville,” Palmer said. “I expect that once the economy improvesd and residentialsales return, Sunrise will considet additional locations in Northeast Florida as they had originally
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