Piper Shores, a Life Plan Community located in Scarborough ME, closed on a $90,000,000 bond issue in late March. Proceeds of the issue will be used to refinance existing debt, and construct “The Meadows” expansion of 52 independent living units, comprised of Cottages, Estates, and a 28 unit Hybrid Building that will contain a new dining venue, fitness and wellness facilities, theater, as well as other supportive spaces.
OnePoint has partnered with the exceptional leadership team at Piper Shores over the last 4 years as the project’s development advisor in helping them achieve this important milestone. Piper Shores and OnePoint navigated a number of challenges to the project, and helped management and board leadership remain focused on the long-term strategic vision of the organization. Piper Shores’ leadership’s commitment and support was critical to making this project a reality. Piper Shores can now move forward in expanding their ability to provide premier level care and services to its residents, families and community.
We at OnePoint are proud to partner with such an amazing organization as Piper Shores, and are excited about continuing our work with them through construction to make this new campus a reality.