A $100 million project in the works by a local long-term care organization will add nursing facility and basic care beds, allow for renovation of an existing facility and could create as many as 150 jobs.
Missouri Slope Lutheran Care Center plans a groundbreaking ceremony on Wednesday for phase one of its North Campus on North Washington Avenue -- a four-story, 207,000-square-foot building with 192 beds. The expected completion date is October 2021. A second phase, which will serve the subsidized assisted living and memory care assisted living markets, has a target completion date of 2022. The project will be completed in 2024, when 60 independent living units are finished.
The project is the result of market studies and a need to update existing facilities, Missouri Slope CEO Reier Thompson said.
“The building we’ve been in now for 52 years needs complete renovation,” he said. Doing that would take beds -- already in short supply -- offline. Instead, beds will be transferred to the new facility when it is completed, and the existing building will then be renovated.
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Three market studies in the last five years indicate that demand exceeds supply, now and in the future. As the oldest of the baby boomers reach their 80s and 90s, there will be an increased demand in “everything health care,” Thompson said.
“That’s what we’re trying to prepare for -- so we can meet the future community needs here,” he said.
When complete, the project will add 78 nursing facility beds, 130 basic care beds and 60 independent living units to Missouri Slope. Thompson estimates that 100-150 jobs will be created by the expansion.