Mary’s Woods at Marylhurst is undertaking a significant expansion project at its continuing care campus in Lake Oswego, OR — and the local media is starting to take notice.
In 2017, the community secured $114.815 million in tax-exempt bond financing and $60.25 million in tax-exempt mandatory pay-down securities to fund Phase I of its expansion, which includes 144 independent living units, 48 assisted living units, two common area buildings, 152 underground parking spaces and 150 above-ground parking spaces. In 2018, the community secured $41.4 million in bond financing for Phase II, which will add 54 independent living units, office space and other amenities.
KGW-TV recently reported on progress at Mary’s Woods. See the report using the video player below.
DJC Oregon has also reported on construction progress at Mary’s Woods. In July, it ran an extensive photo gallery that highlights how the expansion is taking shape this summer. See DJC Oregon’s photos in the gallery below.
Expansion at Mary’s Woods at Marylhurst is expected to reach full completion in fall 2019. Greystone is serving as development consultant on this project.
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