Retirement Apartment Community planned for North Raleigh

Capital Oaks Retirement Resort will break ground on Ray Road November 13 for an independent living senior apartment community.

Lincoln, Nebraska based Resort Lifestyle Communities is developing Capital Oaks Retirement Resort located at 6498 Ray Road just off Leesville Road in North Raleigh. There will be 130 one, two and three bedroom units for seniors ages 55 and up. There will be no additional buy-in or substantial deposits, only month to month rent which will include most utilities. Amenities will include 24/7 onsite staff, 3 daily meals, weekly housekeeping, social activities and transportation and valet parking services, and emergency call system in all units. The property plans to house a bank, pharmacy, and gift shop that will be available to the public.

Rents at these places are not cheap, however.

Rental rates at RLC’s newest community in Knoxville, Tenn., start at around $2,530 per month, which includes most utility costs, three daily meals, weekly housekeeping, social activities and transportation services. RLC also has financing options available.

Capital Oaks will start moving dirt on Nov. 13. Construction is expected to last just a little more than a year. Resort Lifestyle paid $1.9 million for the nine acres of land in August, according to Wake County records, after purchasing the property from longtime owner Evelyn B. Stanley.