A brand new assisted living facility in Weston, Florida is currently facing liens worth $1,730,190.27.
Two contractors who provided labor and materials for the construction of the Palace at Weston have filed mechanics liens to claim unpaid wages. Mechanics liens attach to a property and can prevent its sale until a construction debt is paid.
Both mechanics liens were filed with the Broward County Clerk. The property’s address is listed as 16025 Emerald Estates Dr., Weston, FL 33331.
Pomeroy Electric LLC filed their mechanics lien to claim a debt of $1.68 million on October 28, 2020. Pomeroy was hired by general contractor Coastal Construction of Miami-Dade County to perform electrical work for the Palace at Weston. Pomeroy’s original contract price was $7,212,702.75.
Pomeroy first furnished labor and materials for the project in April of 2018, and they are still on the job site. In compliance with Florida lien law, Pomeroy served a notice to owner on Helen Homes of Weston Development LLC, the owner of the project according to lien filings.
The second mechanics lien on the Palace at Weston was filed by Allegiance Crane & Equipment LLC. Allegiance is a supplier on the project that was hired by Coastal Construction to provide crane service and labor for the project.
Allegiance filed their mechanics lien on May 18, 2020, for the amount of $42,225.10. Allegiance first furnished labor and materials in January of 2020 and last furnished in February. The supplier served also served notice to the owner on January 19.
As of November 6, 2020, neither of the mechanics liens has been released.
Luxury senior living developments on-trend in South Florida
The Palace at Weston is a massive luxury assisted living facility in an affluent region of Broward County, Florida. All in all, the development will encompass 526,045 square feet and house 320 units for senior living.
After receiving a construction loan for $95 million from TD Bank, Helen Homes of Weston Development LLC broke ground on the project in April of 2018. The development company is managed by Jacob Shaham, co-founder and co-owner of the Palace Group.
The land the new assisted living facility sits on was purchased in 2006 for a total of $15 million.
Still slated to open sometime in 2020, the Palace at Weston will offer independent living, assisted living, memory care, personalized care, physical therapy, doctor’s offices, valet parking, a heated pool and jacuzzi, and other care options and amenities.
Despite concerns surrounding COVID-19, developments like the Palace have been popping up all over Southern Florida as part of a recent trend in luxury senior living.
The Palace Group is a Miami-based developer of retirement communities. Including the Palace at Weston, the company has developed 10 senior living facilities across Florida.
These developments mimic the amenities and features commonly found in luxury condominiums in the area, and they cater to the increasing number of baby boomers seeking housing.