Beato Holding Company LLC

Welcome to 2022!

Last week the sale was completed on the 10.5 acres at Colonial Greens, and the new developer has been approved by Orange County to build 284 apartments for senior living. We look forward to the new development, and we wish everyone success and prosperity in this new year.

Our dreams and prayers for the site are coming true. Thank you all for your encouragement over the years.

The Social Security Administration (SSA) estimates that over 46 million Americans are receiving Social Security retirement benefits.
Social Security income varies depending on work history and when you start benefits. The average monthly Social Security benefit in 2021 is $1,543. And, for context, the highest benefit receivable is $2,324 for someone who files at 62 and $3,895 for someone who files at age 70.

Colonial Greens will have 284 affordable apartments for seniors 62 years and older. Construction should begin in 2022, with residents moving in in 2024. We excited to see this development progressing, as it fills the needs for seniors searching for affordable housing options in Central Florida.

Orange County commissioners approved the height variance for Colonial Greens! Progress continues for the development of 284 apartments for seniors over 62 years of age, with reduced rents based on qualifying income levels. We are excited for this new project to be built. It will serve the community well. Big thanks to all the people that are working together to make this happen.

Senior housing with 284 apartments for folks 62 and older, is moving along. Hope to see ground clearing of the 10.5 acre site this summer, with completion in Spring 2023.

With Florida Hospital East nearby, expect more medical services to expand to serve the needs of the residents in this community. We are very excited for Colonial Greens.😊

The project at our property site has been approved by the commissioners of Orange County. Now onto the design reviews to get the permitting process started for the 284 apartments for seniors.

Perfect timing, as more seniors migrate out of high cost states like California and New York. The lockdowns from COVID have accelerated the urgency for many to move to warmer weather and clean air.

Where Retirees Are Moving – 2020 Edition In 2018, roughly 930,000 people ages 60 and older moved across state lines, an increase of about 16% from five years earlier. Whatever reasons factor into their decisions, whether financial or personal, retirees must thoroughly consider the implications of moving, … Continue reading ->The post Whe...

Orange County get a look at the revised plans for the Colonial Greens Senior Apartments this week, and will hopefully approve the project in July. The designs changed to 284 apartments for seniors, which is much needed for the area, as more retirees choose the options to sell their homes, so they can downsize with affordable rentals based on income for 62 years and older.

Progress is coming along with the ten acre site off of east Colonial Blvd and the 417 Greenway. The developer is looking to build 370 apartments for seniors who are 58 years and older. One bedroom and two bedroom units will be available at reduced rents for qualified seniors.

Here we are cleaning up the property from homeless camps, and businesses doing illegal dumping there. Let's help keep this and other sites clean. FHFS- Future Homes For Seniors.

With 72 million Baby Boomers in the USA, what are the options for affordable housing if their household income is reliant on just social security benefits?

www.seniorliving.org

Assemblage time to get Colonial Greens to 10.5 acres. One step at a time.

The right place, the right time.