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CGC starts work in Melbourne on ADËLON Capital first foray into senior housing

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Ownership, partners and local officials break ground on Melbourne, Florida's newest senior community, Parasol Melbourne, at a ceremony on November 12 (photo - Troy McClenathan)

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“Parasol Melbourne represents our fourth project in partnership with ADËLON Capital, and we’re honored to continue this business relationship as they enter the senior housing market here in Florida,” CGC’s president and CEO Adam Broadway said in a the statement. “Melbourne, Florida is a truly special community, and we are thrilled to play a role in delivering this exciting new housing option that will benefit the region’s seniors seeking best-in-class living arrangements.”

The news release did not disclose the project’s cost.

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