Since 2005, developers have been sitting on land at the southwest corner of Olive and 107th Avenues in Peoria, waiting for the right time to move forward with the right project. Tuesday, Chicago-based general contractor Lamp Incorporated announced that the time is now.

The lot will be the site of The Mission at Agua Fria—a two-story, 73,865 square-foot senior living and memory care facility contracted by Lamp Incorporated and Sletten Companies.  It will feature 49 assisted living and 41 memory care private residences for rent. The Mission at Agua Fria will span 7.2 acres.

“The project will take about 12 months to construct once the building permit has been issued, and the location is perfect as it is right across the street from Sun City,” said Ian Lamp, president of Lamp Incorporated.

He mentioned he hopes this is the first of many great projects Lamp Incorporated will bring to Arizona as they actively pursue additional projects of this type as well as other market types.

Plans for the state-of the-art facility were officially unveiled during a groundbreaking ceremony earlier this month. The first units are expected to be ready for move in by March of 2017.