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Lake Prince Woods’ Capital Campaign Exceeds Goal Set for Community’s New Construction and Improvements

Lake Prince Woods, a continuing care retirement community in Suffolk, VA, recently completed its capital campaign to update wellness-enhancing amenities and memory care services on campus. The campaign, which coincided with Lake Prince Woods’ 20th anniversary in 2022, was set at $1 million and brought in $1,467,047, or 47% more than the goal. The 102 gifts committed ranged from $25 to $469,028.

The campaign will support the funding of a new Wellness Center, renovations to the community’s Commons area, and will enhance resident services with a Memory Care and Assisted Living project.

The first phase of the project will include the Wellness Center and upgrades to the main Commons area, and the groundbreaking is anticipated to take place in early Fall 2022.  The total cost of this phase of the project is anticipated to be in the range of $13.5 million.

The Wellness Center will offer:

senior couple walking outdoors on wooded trail

Enjoying a walk on the nature trail.

  • Dedicated areas for wellness and fitness
  • Art studio and classroom space
  • More and larger spaces to gather with the community
  • Spaces for bridge and other activities
  • Space for Bible study and book clubs
  • Salon and massage space
  • A place to entertain family and friends
  • Improved accessibility

The Commons renovation will:

  • Upgrade the main auditorium/gathering space and provide better audio-visual capabilities
  • Add a pub-style billiards room and lounge
  • Improve wayfinding and increase covered space at the entrance and between buildings

The second phase of the project, whose anticipated start date has not yet been determined, will be the Memory Care and Assisted Living project.

Nancy Beard, CFRE, president of the EveryAge Foundation, shares, “With this campaign, we’re delighted to have far exceeded our goal in helping the community achieve an ever-richer balance of mind, body, and spirit. Our residents defy aging stereotypes as they grow in knowledge, intellectual interests, and physical abilities, and as they deepen their relationships with each other and their surroundings. With this milestone commitment, we are ensuring that the environment and services we provide will nurture their lives, health, and contentment well into the future.”

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