824 N San Antonio RD, Palo Alto, CA 94303
- $25,000,000
Listing courtesy of Ken Kho from Legacy Real Estate & Associates. 510-396-5408
- List Price
- $25,000,000
- Status
- ACTIVE
- MLS#
- ML82051160
- Subtype
- com
- Lot Size
- 19,412
- Acres
- 0.45
- Neighborhood
- South Palo Alto
- Building Name
- VeRa CCRC
Property Description
Rare opportunity involving VeRa, a proposed boutique luxury Continuing Care Retirement Community (CCRC) in Palo Alto, California. Fully entitled 27-residence community designed to serve affluent seniors seeking a personalized, hospitality-driven environment with continuity of care. Planned community includes Independent Living and Assisted Living residences, ground-floor commercial space, and a purpose-built luxury senior living facility in one of the most affluent and supply-constrained senior housing markets in the United States. Ownership is seeking an experienced senior living operator, healthcare-related group, hospitality-oriented organization, or other qualified strategic participant for up to approximately 45% participation in the operating business platform. Entitlements approved and permitting in process. Significant barriers to entry, strong demographic fundamentals, and luxury positioning create a unique opportunity within the senior housing sector. Confidentiality agreement required for access to detailed information.
Additional Information
- Zoning
- CS
- Roof
- Other
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