On Oct. 5, 2011, Redstone Village received $18.33 in financing to fund construction of its fourth phase, which will include 36 new independent living apartments. Located in Huntsville, Alabama, Redstone had already received reservation deposits for 34 of the 36 Phase IV apartments.
A phased approach to development has allowed Redstone to manage risk while achieving full occupancy and to better meet market demand with new products. The community opened its first phase in late 2004. In 2008, Redstone added additional independent and assisted living apartments. In 2009, the community added a stand-alone specialty care assisted living facility to provide memory support care.
Greystone has served as Redstone’s development consultant since the initial phase.Click here to learn more about Redstone.