Legend Senior Living, the Wichita-based operator of retirement communities, is no longer part of development plans for the Meadowbrook property, Prairie Village leaders disclosed on Monday.
City Administrator Quinn Bennion told the City Council that VanTrust Real Estate had informed the city that Legend has pulled out of the project. VanTrust is in the process of working with another senior living community developer that will better “match the vision” for the project, Bennion said, noting that the company had indicated the senior living component is still very much part of the overall plans.
Last summer, Legend announced it was planning to build an $80 million facility on the property that would have 120 independent living units, 120 assisted living units and 90 rehabilitation units. The project would have been the company’s 10th senior living property in Kansas.
Rich Muller of VanTrust said though the company had an agreement in principle with Legend, no formal contract had ever been executed.
“This being said and while difficult, the decision to part ways with Legend Senior Living was both mutual and amicable,” Muller added. “There were several variables that influenced the decision, however, none were beyond the typical risks associated with complex projects of this nature.”
Muller said that because of the high-profile nature of the project, the company has had interest from a number of other senior living companies to join on.
“After vetting these folks, we have selected and are currently negotiating a Letter of Intent with an extremely accomplished and well financed group that we look forward to announcing in the coming weeks,” he said.
In the wake of the finalization of the TIF-plan that allowed for the purchase of the county parkland on the site last month, crews have begun clearing portions of the property that will house VanTrust’s private development projects.
(Big thanks to PV resident Mark Botsford for sending along the aerial photos of the site. You can follow him on Instagram at instagram.com/mbotsford).