Category: Featured

Evanston, IL (April 19, 2022) – Mather, an award-winning senior living provider, based in Evanston, Illinois, announces that vertical construction has begun on The Mather, a luxury Life Plan Community in development at 7929 Westpark Drive in Tysons, Virginia.

“We are very excited to bring The Mather to Tysons,” said Mather CEO and President, Mary Leary. “’Going vertical’ is symbolic of the successful effort the team has put forward to obtain financing, exceed sales projections, and break ground — especially at such an unprecedented time these last two years.”

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Evanston, IL (October 14, 2021) – Mather, an award-winning senior living provider,
announces that it has secured $300 million in construction financing for The Mather, a luxury
Life Plan Community being constructed in Tysons, Virginia, with the syndicated transaction led by The Huntington National Bank.

Expected to open in 2024, The Mather is a $500 million development. A 50/50 equity
partnership between Mather and real estate investment manager Westminster Capital, the
project is also being funded with equity from Mather and Westminster, as well as a portion
through a 10-year taxable green bond issuance from Mather Foundation.

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Evanston, IL (June 15, 2021) – Mather announces that the South Building (Phase 2) of The Mather, a Life Plan Community, has begun pre-sales. The Mather will be comprised of two, connected high rise buildings with nearly three acres of outdoor space located at 7929 Westpark Drive, Tysons, Virginia.

The Mather will include two residential buildings, one with 186 apartment homes (Phase 1 projected to open in 2023) and Phase 2 (projected opening in 2024) with 114 apartment homes, which will be connected by a multi-story concourse with amenity spaces. These spaces include a fitness center, spa, indoor pool, multiple restaurants, outdoor terraces, art studio, and more.

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Evanston, IL (October 6, 2020) – Mather announces that the first phase of The Mather, a $475-million-plus Life Plan Community located in Tysons, VA is 70% pre-sold, a significant milestone in the project. Despite the pandemic having impacted senior living in many ways, achieving this benchmark indicates strong interest in the project. Phase 1 of The Mather is projected to open in 2023.

“We are excited about our plan to build a forward-thinking Life Plan Community in Tysons and are thrilled by the interest from leading-edge Boomers.” said Mary Leary, president and CEO of Mather. “Future residents are engaged in their local communities and want to stay connected. They are looking for an urban, walkable lifestyle in a location they love, with culture, sports, arts and entertainment options that are easily accessible.”

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Evanston, IL (May 27, 2020) – Mather announces that the construction process has started for The Mather, a $450-million-plus Life Plan Community located in Tysons, Virginia. Demolition of the existing structure at 7929 Westpark Drive, Tysons, will soon be complete, with additional sitework, including utility relocation and public street improvements, anticipated in summer 2020. The first phase of The Mather is projected to open in 2023.

Teams from Whiting-Turner Contracting Company are managing demolition of the existing structure on the site, with materials being removed or recycled, if possible, in accordance with LEED Gold goals for the project.

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