Month: October 2020

Mather CEO: We Adapted $475M Highrise Project to Pandemic, Are 70% Pre-Sold

Mather was not planning for a global pandemic when the organization embarked on the creation of a $475 million-plus life plan community near Washington, D.C. But after Covid-19 struck, Mather listened to consumers, adapted the project design and reached the 70% pre-sold mark in September.

That’s three months ahead of the schedule that was set before Covid-19 struck, Mather President and CEO Mary Leary told Senior Housing News. An Evanston, Illinois-based nonprofit, Mather operates senior living communities in the greater Chicago market and in Tucson, Arizona.

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3 Of The Best Apartments In Washington DC

The past six months have shown us the strength, resilience and creativity of DC, Maryland and Virginia’s real estate industry. They also revealed something else about our post-pandemic market: Washingtonians want to stretch their real estate dreams with new amenities in even more dynamic properties—and real estate pros are delivering in nearly every corner of the region.

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The Mather Life Plan Community in Tysons, VA, Continues Forward Despite Pandemic

Evanston, IL (October 6, 2020) – Mather announces that the first phase of The Mather, a $475-million-plus Life Plan Community located in Tysons, VA is 70% pre-sold, a significant milestone in the project. Despite the pandemic having impacted senior living in many ways, achieving this benchmark indicates strong interest in the project. Phase 1 of The Mather is projected to open in 2023.

“We are excited about our plan to build a forward-thinking Life Plan Community in Tysons and are thrilled by the interest from leading-edge Boomers.” said Mary Leary, president and CEO of Mather. “Future residents are engaged in their local communities and want to stay connected. They are looking for an urban, walkable lifestyle in a location they love, with culture, sports, arts and entertainment options that are easily accessible.”

Read the press release here

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