Funding for much-needed continuing care
LOCATION
Sherwood Park, AB
SERVICES
Grant application management
Financial advisory services
Development management
Construction
DATES
2020–2024
(pre-development)
2024–2027
(construction)
COST
$116 million
SOCIAL INFRASTRUCTURE PARTNERSHIPS
Supporting continuing care providers
The project is a significant piece of Sherwood Care’s downtown redevelopment.
Graham Capital led the project through financial feasibility, grant application and approval, design development, and construction.
Strathcona County was identified as a high-priority location for long-term care beds, with a need for additional capacity. Sherwood Care has a longstanding reputation for providing quality care and supporting seniors through its existing facility, originally built in 1969. This project addresses the need and builds on Sherwood’s existing position.
Leveraging our full suite of services
Collaborating with the design and construction teams, we mapped out overall development to bring the project from concept to reality.
The Sherwood Care Redevelopment project is the first phase of a broader campus care plan for the site. Phase 2 is expected to include 200 independent living units for seniors.
Rendering of the future facility in Sherwood Park, AB.
A crucial part of Sherwood Care’s development strategy was limiting the required public contribution. That meant long-term debt would be considered part of Sherwood Care’s contributions to fund the project. Because the facility is expected to be in place for the next 30+ years, affordability was critical. Graham Capital’s finance and development teams worked closely with Sherwood Care to find the right balance of affordability and funding contribution.
More about the project
A collaborative, proactive approach
The project has already faced its fair share of challenges, including significant post-pandemic price increases, navigating a new design guideline, and adhering to the new building code. The project team worked together to ensure risks and challenges were managed proactively to minimize potential impacts and address them head-on.
Support from start to finish
As the development manager and financial advisor, Graham Capital has:
been involved in the initial planning stages to establish project feasibility
led the grant submission processes
overseen preconstruction activities
We're also managing the construction of the facility. With our in-house construction and finance teams, we’ve been a one-stop provider for Sherwood Care.
210
Long-term care units
13
Hospice units
~20,000
Square metres of floor area
WHAT THEY’RE SAYING
“Graham Capital has been an invaluable partner on the Sherwood Care project, consistently offering insightful advice and outstanding service. Their expertise has been instrumental in driving the success of this project.”
– Brian Corkum, Principal, S2 Architecture
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Every project is different. We’ll help you find a tailored solution that ensures a reliable outcome. Contact us to find out how we can support you.