A Farmington-based developer has purchased a shuttered nursing home property in Farmington with plans to convert the site into a 62-unit mixed-income apartment community.
Metro Realty Group paid $1.5 million in late February for the former Touchpoints at Farmington nursing home property, according to a deed recorded Feb. 27. The 5.48-acre site is located just off Route 6.
The property was acquired by a limited liability company affiliated with Metro Realty Group. The seller’s principal is Jonathan Cohen, of Denver.
In February, the Farmington Planning and Zoning Commission approved plans to demolish the existing nursing home — a 29,450-square-foot building dating to 1980 — and replace it with a five-building residential complex.
According to attorney Christian Hoheb, who represented the developer, the 120-bed Touchpoints facility closed in August 2023. At the time of its closure, the nursing home housed 105 residents and employed approximately 100 staff members, Hoheb told the commission.
Plans call for the construction of four two-story walk-up buildings and one three-story walk-up building with an elevator, designed in a Colonial architectural style. The development will include 26 one-bedroom units, 34 two-bedroom units and two three-bedroom units.
The project is expected to be financed in part through low-income housing tax credits, with 80% of the units designated as affordable housing and the remaining 20% offered at market rates. That percentage could fluctuate with financing.
In addition, 14 apartments will be set aside as supportive housing for individuals with intellectual and developmental disabilities.
Plans for the proposed development at 20 Scott Swamp Road in Farmington.
A representative for Metro Realty said during the February hearing that construction is anticipated to begin late this year, with completion projected within 14 to 18 months.
JLL Managing Director Shawn McMahon represented the seller and procured the buyer.
McMahon, reached Monday, said the property was on the market for 18 to 24 months, with deferred maintenance and hazardous building materials, like asbestos, complicating the sale. Ultimately, Metro was the “logical buyer,” McMahon said.
“Metro Realty is a well-respected developer, not only in Farmington but in the region,” McMahon said. “These guys really know what they are doing and they’ll develop a first-class multifamily facility here and it will serve the community well.”