SPRING HILL — A West Palm Beach development group plans to build a 96-unit residence at the Pasco/Hernando border for people with Alzheimer's disease and dementia.
The $25 million facility, to be called Rose Castle of Pasco, would be constructed at the southeast corner of Parade Road and County Line Road near the entrance to the Arlington Woods housing development.
The project is currently in design stages and requires several approvals, including a state nursing home license, before it can open, projected for sometime in mid to late 2015.
Construction is set to start this summer.
Mainsail Healthcare Group II LLC, a partnership based in West Palm Beach, is proposing the facility.
George Mueller Jr., an attorney for the Muller Group, a partner in Mainsail, recently appeared before Pasco commissioners about the proposed facility.
Mueller said Mainsail is seeking about $28.6 million in revenue bonds from the Gulf Breeze-based Capital Trust Agency to finance the project, one of three Mainsail is planning in Florida.
Federal tax code requires county officials to give approval when a revenue bond is issued for a health care facility in their county, although Pasco would play no direct role in the project.
Mainsail's other partners are MJM Associates LLC and Palm Harbor-based O'Keefe-Painter Architects, Mueller said. A subsidiary, Mainsail Healthcare Development, would construct the facility.
Gloria Smith, president of the Gulf Coast chapter of the Alzheimer's Association, welcomed the news. The association estimates about 450,000 people suffer from Alzheimer's in Florida. That number is expected to grow to 510,000 over the next seven years.
"There's always room for good dementia care facilities," Smith said.
The three-story facility would include private residences, semi-private quarters shared by two individuals and third-floor offices dedicated to Alzheimer's research, along with meeting rooms and administrative offices.
"This is not going to be a babysitting facility," Mueller said. "It will introduce programs to the residents to stimulate cognition, and there will be an exercise and physical therapy component, as well as research."
Additionally, Mainsail is planning two other facilities in Florida: in Wildwood, just south of the Villages, and in Boca Raton.
Rich Shopes can be reached at email@example.com or (727) 869-6236.