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Senior community proposed on RB ‘water tower’ site

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By Emily Sorensen

AmeriCare Health and Retirement, Inc., the high bidder on the water tower site, said it intends to build a senior living community on the site, if negotiations with the Poway Unified School District go through.

“We’re focused on working through negotiations [with the district], and closing by the school board’s deadline of the end of the year,” said Matt Petree, director of property development for AmeriCare.

AmeriCare was the highest out of three parties vying for the water tower site, located at 16061 Avenida Venusto in Rancho Bernardo. “We’re very happy to be selected to be the top bidder,” said Petree.

Petree said that if the negotiations are successful, AmeriCare plans on building one of its Silvergate senior communities on the property. The company has three other Silvergate communities, one in Fallbrook and two in San Marcos. AmeriCare is a privately held health care management company that owns, operates and invests in assisted living communities and medical office buildings, focusing on the Southern California area. In addition to their Silvergate communities, the company also has a medical office building in Encinitas.

“We’re well aware of the community interest in the site,” said Petree. “After the New Year, we plan to introduce ourselves to the community. We’re very open to a high level of collaboration with the community. We’re well aware that [the senior community] is a resource to the community.”

Many Rancho Bernardo residents were hoping the City of San Diego would purchase the property and turn it into a park, but their desires were thwarted when the city was unable to come up with the required good faith deposit of $660,000 by the time of the public bidding deadline of Nov. 8.

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