LCB Senior Living acquires Darien property, aims to build 100 apartments

Commercial real estate firm NAI Signature Group has completed the sale of One Parklands Drive, formerly one of two office buildings in Darien”™s Parklands Office Park, to Norwood, Massachusetts-based LCB Senior Living. The sale price was not disclosed.

The developer/operator plans to build a 100,000-square-foot assisted living community with approximately 100 apartments on a 4-acre parcel to be known as The Residence at Selleck”™s Woods, as it adjoins the Selleck”™s Woods Nature Preserve, which provides public access to a series of walking trails.

LCB Senior Living will renovate the existing 25,000-square-foot, two-story building and add 75,000 square feet and parking underneath the new wing.

The transaction closed following a 30-month process to obtain a zone change, a text change, site plan approval and State Traffic Commission approval. LCB Senior Living plans to begin  construction in the coming weeks.

Nick De Luca and Bob Gillon of Darien-based NAI represented both LCB and the ownership, Parklands Office Park LLC.

Last June, NAI negotiated LCB”™s first Fairfield County site acquisition, a 1-acre parcel on Summer Street in Stamford on which it is building a seven-story, 100,000-square-foot assisted living and memory care community with 104 apartments. Following a similar zone change process that lasted almost 29 months, LCB has completed the demolition of existing buildings and other site work, beginning an estimated 18-month construction process.