04/02/2013
Coburg Village nears completion of $19.6 million expansion
Project financed by RBS Citizens and includes 78 new independent living units, road reconfiguration,
expansion of common areas
Rexford, N.Y. (April 2, 2013) – Coburg Village, a leading rental community for residents 55 and older, is nearing completion of a $19.6 million expansion that includes 78 new independent living units and a reconfiguration of the road leading to the 8.3 acre senior living community. The project was financed by RBS Citizens through the purchase of bonds from the Dormitory Authority of the State of New York.
“Today’s announcement is an important milestone for our organization. With the help of RBS Citizens, we are nearing the successful completion of a project that has significantly increased our capacity to serve both current and future residents,” said Kathryn Welden-Pinney, Executive Director of Coburg Village. “The new amenities will add to the wonderful quality of life our residents already enjoy.”
“We are proud to be working with Coburg Village to help meet the growing demand for high-quality housing in such a vibrant community,” said Jim Gaspo, President of RBS Citizens and Citizens Bank in New York. “This project will help continue the legacy of Coburg Village providing exceptional programs and services for their residents.”
The 78 new apartments are in addition to the existing 210 apartments at Coburg Village. Amenities in the new apartments include screened-in porches and balconies, open kitchens with breakfast bars, walk-in closets and side-by-side washers and dryers. The community’s common areas have been updated and expanded to include a new bistro, fitness center, art studio, and chapel.
Designer model apartments and renovations will be open to the public for scheduled tours on Wednesday, April 3 between 10:00 am and 2:00 pm. For more information or to schedule a tour, contact Coburg Village at 1.888.473.2094.
Coburg Village is a member of the Lutheran Care Network (TLCN), a not-for-profit organization and an experienced senior care provider, offering services through 13 facilities, consisting of nursing homes, adult day health programs, long-term home health care services and independent housing for seniors. The market area for TLCN is Eastern New York State from Clifton Park in Saratoga County south to Long Island.
About RBS Citizens Financial Group, Inc.
RBS Citizens Financial Group, Inc. is a $129 billion commercial bank holding company. It is headquartered in Providence, R.I., and through its subsidiaries has more than 1,400 branches, approximately 3,700 ATMs and approximately 18,940 colleagues. Its two bank subsidiaries are RBS Citizens, N.A., and Citizens Bank of Pennsylvania. They operate a 12-state branch network under the Citizens Bank brand in Connecticut, Delaware, Massachusetts, New Hampshire, New Jersey, New York, Pennsylvania, Rhode Island and Vermont; and the Charter One brand in Illinois, Michigan and Ohio. RBSCFG has non-branch retail and commercial offices in more than 30 states. RBSCFG is owned by RBS (the Royal Bank of Scotland Group plc). RBSCFG’s websites are citizensbank.com and charterone.com.
