The property, located 2705 East Venice Avenue, was purchased for $21.5M
VENICE, Fla. (Feb. 9, 2025) – Village On The Isle (VOTI), a nonprofit Life Plan Community in Venice, has purchased 50.25 acres of land in Venice to serve as the site of a satellite campus, Arbor Vita – a Village On The Isle community. The community purchased the land, located at 2705 East Venice Avenue, for $21.5 million.
“This decision has been made after many years of thoughtful consideration and extensive due diligence from our Board and leadership team,” said Doug Feller, CEO of VOTI. “As a nonprofit, mission-driven organization, VOTI is committed to thoughtfully expanding our ability to serve seniors in ways that benefit the broader community. This property will allow us to do so for many years to come.”
Village On The Isle is currently fully occupied, with a wait list of interested residents. Later this year, the community will open two new buildings that will add 54 independent living units to the campus. Both buildings are 100% presold.
As a Life Plan Community, VOTI offers independent living, assisted living, memory care and skilled nursing onsite. Arbor Vita will offer independent living apartments and cottages/duplexes with healthcare services available at VOTI’s main campus. The property is located less than six miles from VOTI’s main campus at 920 S Tamiami Trail.
“The proximity of this site to our existing campus makes it an ideal location for a satellite community,” said Feller. “It allows us to offer the same life care lifestyle as we do now and extend healthcare services from our current campus while continuing to serve seniors in a meaningful and sustainable way.”
The property previously had residential homes on the land. It was later acquired by the former hospital on the island of Venice with plans to develop a medical facility. Those plans did not move forward, and the land was subsequently purchased by MG Venice LP who sold the property to VOTI.
The site is zoned for up to 452 multifamily residential dwellings, though VOTI does not plan to develop to the full density, allowing room for long-term growth aligned with its mission. The community is currently finalizing its plans for the community. They expect outdoor amenities to be a key highlight of the campus.
VOTI expects to break ground on Arbor Vita in 2027, with completion anticipated in 2030.
About Village On The Isle
Incorporated in 1979, Village On The Isle is a nonprofit Life Plan community affiliated with the Evangelical Lutheran Church in America. The community is located less than half a mile from the Gulf of Mexico at 920 Tamiami Trail South in Venice, Fla. It offers independent living, assisted living, memory care and skilled nursing and gives residents an opportunity to live independently in apartments and cottages, then transition to higher levels of care with caregiver assistance as their needs warrant. For more information, visit www.VillageOnTheIsle.com.