WINCHESTER: The Village at Orchard Ridge—A National Lutheran Community (TVOR) in Winchester, Va., has received its tax-exempt bond financing for approximately $67,835,000.
The bonds will fund construction costs related to Phase 2, which is slated to begin in January 2015. TVOR’s Phase 2 of construction will feature the addition of 104 independent living apartments, 10 skilled nursing suites, a 15,000 square foot Wellness Center with an indoor pool and a 150-seat dining expansion. The bonds will also partially fund 18 independent living cottages that will be available for occupancy beginning now…