Praxeis senior vice president of sales and marketing, Dave Stauffer said that while residents move in while they are still healthy and independent, it is the added security of the long-term care that sets a Life Fulfilling Community apart from other senior living communities.
"Their monthly fee stays essentially the same, even as they transition to different levels of care later in life, all provided on campus," Stauffer said.
Nicholasville and Jessamine County officials joined the large group gathered for the ribbon cutting and came away impressed with what they saw.
"This is an awesome place. We're lucky to have a community of this caliber located in Jessamine County, to provide the kind of services they will be providing to their residents," Nicholasville Mayor Russ Meyer said.
Jessamine County Judge-Executive Wm. Neal Cassity said he was impressed and wanted to learn more about it.
"I like that apartment. I need to find out some more information about their floor plans," Cassity said. "This is the type of development Jessamine County needs. This is a great location for this with Central Baptist having it's building located at the top of the hill and the shopping center located nearby."
Limestone Crossing will consist of 270 residential units, both single family and apartments, beginning at $297,000. After 189 of those have been reserved with a 10 percent deposit, construction will begin in 2010. Residents must be at least 62 years old of older or part of a couple of which one partner is 62 or older.
University of Kentucky President Lee Todd told the large group assembled for the ribbon cutting that UK began promoting the idea of a facility such as Limestone Crossing six years ago, and after a few bumps in the road early, he was excited to see the community become a reality.
"I've always felt that the university needs to reach out to the alumni who have been so supportive over the years, and I'm excited about the chance to get to partner with Limestone Crossing to provide a community like this," Todd said. "The fact that 268 people have already signed up to be priority depositors shows the interest and the need for such a community."
UK has already begun holding classes at the welcome center with an eight-week course "Colonial America between settlement and revolution," and a 12-week advanced Italian course.
Limestone Crossing is located on Brannon Road behind the Brannon Crossing retail shopping center.