WOODSTOCK – Hearthstone Communities continues to grow its footprint in McHenry County.
The Woodstock-based nonprofit recently bought a bank-owned independent living development with 22 duplexes and lots for two more units to expand its independent living programs. In January, Hearthstone partnered with Centegra Health System to manage a 30-bed sub-acute rehabilitation unit called Hearthstone at Centegra.
The off-campus ventures “fit our goals and strategic plans,” said Terry Egan, Hearthstone president and CEO.
It took more than year for Hearthstone to buy the former Point In Time independent living development in Woodstock. The development, which includes 22 duplexes built in 2005-06 and two vacant lots, went into foreclosure and was taken over by the bank. Hearthstone bought it from the bank. Terms of the deal were not disclosed.
Six of the units at what has been renamed Hearthstone at Serenity Creek have never been occupied. Hearthstone is hosting an open house later this month for the vacant units.
The entrance fee for units with a finished basement is $190,000. It’s $175,000 for units with unfinished basements. However, prices could increase next year, said Beth Burg, senior housing counselor with Hearthstone Communities. Residents also pay a $500 monthly maintenance fee, which covers everything from lawn care to changing light bulbs. When the unit is vacated, 80 percent the entrance fee is returned, Burg said.
“Part of the goal was to expand our independent living as a feeder for our assisted-living program,” Egan said.
Hearthstone’s continuing care retirement community includes independent living facilities and assisted living apartments at its 15-acre main campus near Routes 47 and 120 in Woodstock. It also has Medicare-certified rehabilitation programs and offers Alzheimer’s disease and dementia care and skilled nursing care.
At Serenity Creek, Hearthstone officials have discussed adding social activities, transportation and other services on a voluntary basis to residents, Burg said.
For many residents, the attraction to independent living programs such as Serenity Creek is that maintenance is provided.
“It makes a big difference,” Burg said. “They can really just enjoy life and have a beautiful home. They don’t even need to worry about changing the light bulbs.”
Hearthstone also is adding to its independent living options at its main campus, building units and garden homes at lower price points than Serenity Creek, Egan said.
Hearthstone at Serenity Creek open house
What: An open house will be held from 10 a.m. to 3 p.m. Nov. 15 and Nov. 16
Where: Hearthstone at Serenity Creek, 920 Serene Trail, Woodstock
Information: For information or to arrange a private showing, call Beth Burg at 815-338-2110