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Community Overview
Coldstream Crossing Retirement Community in Kimberton, Pennsylvania is being developed as the premier location for senior living in the Chester County area. This exciting new community provides maximum value, financial flexibility and peace of mind to its residents, and offers a unique blend of home ownership and access to the amenities and services typically available only from traditional continuing care retirement communities. At Coldstream Crossing, homeowners will actually buy and take fee simple title to their homes, avoiding the drawback of large, up-front entrance fees that are non-refundable or that diminish in value over time. Under this arrangement, all rights and privileges of home equity ownership are retained by the homeowners, including the right to participate in the appreciation of their homes.
Residents at Coldstream Crossing enjoy true “worry free” living. All outside maintenance is provided through a homeowners association and paid through a low monthly fee. Shopping is available nearby, and the King of Prussia and Exton malls are minutes away. Access to hospital services, physicians and home health care is available at Phoenixville Hospital, and other providers conveniently located nearby.
Services Available
At Coldstream Crossing, homeowners will have access to services that help them manage their homes and that help them manage their health. More active seniors may elect to purchase a Villa or Carriage Home for the convenience of the maintenance-free lifestyle. Monthly fees in this case are limited to the homeowners association fee which covers outside maintenance and the cost of the Clubhouse. A menu of additional a la carte services will also be available for homeowners. These value-added services, which will be available when the planned assisted living facility on the campus opens, feature priority access to assisted living when needed, personal and group transportation, wellness programs, and similar services.
A major feature of the Coldstream Crossing plan is that, as higher levels of service are needed over time, they are provided on a "pay-as-you-go" basis. In that way, financial assets are conserved, and drawn upon only as residents' needs increase over time. As a result, the monthly cost of living at Coldstream Crossing will be significantly lower than most continuing care retirement communities.
Assisted living on the campus will be available on a monthly rental basis at Spring Mill Senior Living, a state-of-the-art, residentially-designed continuing care facility. Opening in the fall of 2009, Spring Mill will consist of 96 units with a variety of apartment floor plans, up to 948 square feet. Many apartments include a spacious private patio or balcony. Accommodations can be private or semi-private.
Homeowners at Coldstream Crossing enjoy priority access to Spring Mill if they need its services for themselves or a loved one. However, homeowner’s will never see a fee from Spring Mill if they never use its services.
For more information on Spring Mill, please visit www.SpringMillSeniorLiving.com, or call (610) 933-7675.
Community Access and Services Agreement
A covenant in each carriage home deed provides that each homeowner is entitled to certain rights, and access to certain services, provided by the assisted living facility, These rights and services, which are outlined in a Community Access and Services Agreement, include the following:
- Priority access to assisted living when needed.
- Access to scheduled shuttle bus transportation, as well as personal limousine service. *
- Periodic wellness programs and health screenings.
Other services to be developed based on the needs of the homeowners.
* Additional fees apply.
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