The project represents a significant evolution for the organization, which traces its roots to 1892. Working alongside development consultant Greystone Communities and underwriter Ziegler, Fairview plans to add 193 independent living units, 44 assisted living units, and 28 memory support units. The development will feature extensive amenities, including a salt-water swimming pool, a performing arts center, and various athletic facilities. With 70% of the independent living units already presold, the project signals strong demand for the facility's mission.
In section Releases
Fairview Secures $304 Million for Connecticut Expansion
With $304,170,000 in tax-exempt bond financing, Fairview is set to break ground on its Vista Point project, marking one of the largest senior living transactions in Connecticut history. The expansion will transform 20 acres of long-held undeveloped land into a comprehensive retirement campus in Groton.
Funding from the bond issuance will cover construction costs, retire outstanding organizational debt, and establish essential reserve funds. Fairview CEO Billy Nelson noted the financing as a critical milestone for the campus, while Keith Robertson of Ziegler emphasized the project’s role in securing the organization’s position as a regional leader in senior care. The new construction will sit adjacent to the existing 70-acre site, which overlooks the Thames River.
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