Ashby Ponds, an Ashburn retirement community owned by Erickson Living has begun construction on more than $23 million of renovations which include a brand new residential building and a clubhouse for residents.
Hickory Glen, the 124,000 square foot residential building, will have 68 independent living apartments at a cost of $14.3 million.
One and two bedroom apartments will be available and some of the spaces available for rent will have outdoor living space. Residents will be able to park in a basement garage.
"Two-thirds of the apartment homes in Hickory Glen have already been reserved," said Holly Henderson, director of sales at Ashby Ponds, in a prepared statement.
Great Oak Clubhouse, the other major project, will be a $7.9 million 20,000 square foot facility, complete with the following amenities: a performing arts theater, a café, a banquet room, a reading room, an art studio and gallery, additional classrooms, and a new control room for the community's in-house television station.
"The new clubhouse will be a wonderful and welcomed addition to the community," said Henderson. "Residents will now be able to enjoy a fifth dining venue, a large-scale performance space, and a dedicated area for the many artisans at the community."
Currently 675 residents live on the 132-acre Ashby Ponds campus.
Erickson Living has plans for the facility to open in early 2015. The company just recently finished another expansion project on the campus.
If trends hold, these expansions could be quite prescient.
The largest segment of the population for generations, the baby boomers, are now aging into retirement.
And according to the Urban Institute, the number of adults 65 or older is expected to rise by 7 percent in the next 25 years to one-fifth of the population.