Green Cay Life Plan Village Inc. broke ground on a $380 million senior living development in Boynton Beach, Florida. The 221-unit community, slated to open in fall 2028, will join a limited pool of continuing-care sites in the region.
Project details and timeline
The site occupies 15 acres at Jog and Flavor Pict roads, the sole fully approved parcel for this type of project in Palm Beach County. It marks the first new continuing-care retirement community in Boynton Beach since 2016.
A three-story, 510,000-square-foot building will host 189 independent-living units and 32 assisted-living and memory-care apartments. Planned amenities include a dining hall, bar and bistro, fitness center, yoga studio, salon, theater, pickleball court, pool and spa.
Residents will also have direct access to the adjacent Green Cay Nature Center and surrounding wetlands, offering outdoor recreation alongside the on-site facilities.
More than 70 percent of the one- and two-bedroom independent units are already under contract. Prospective buyers can view a model space at the preview center on 4955 W. Atlantic Ave., Delray Beach.
Developers and partners
Co-development is led by Greenbrier Development LLC and BRP Senior Housing Management LLC, a Delray Beach affiliate of private-equity firm Big Rock Partners. Greenbrier will manage the community, while Moss Construction serves as construction manager.
Greenbrier has built 35 senior-housing communities nationwide and, through its consulting arm, supported over 100 senior providers since 2006. BRP’s portfolio exceeds 1,000 units, including luxury rentals such as Mariposa in Lake Worth and Windsor at Celebration near Orlando.
Market context
Continuing-care retirement communities let residents age in place, transitioning from independent living to assisted, memory, or skilled-nursing care as needs evolve. This model addresses a growing demand for flexible senior housing.
The U.S. population aged 80 and older is projected to rise 36.6 percent over the next decade, reaching 19 million. Daily, more than 10,000 Americans turn 65, creating a sustained pipeline of senior-housing demand.
According to NIC MAP, senior-housing occupancy improved for the 20th straight quarter, reaching 89.9 percent in Q2 2026, up roughly 200 basis points from a year earlier. Stabilized occupancy stood at 90.4 percent for the same period.
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