Ken Taylor, CEO of Valley Cities, signed an agreement on Thursday, February 18, with a potential buyer of the Woodmont property to enter into a 45-day period to complete a feasibility study and property value appraisal. Also signing the agreement was Michael Lai, CEO and Investing Partner of ML Companies, INC of USASIA Pacific EB5 Investment and SML Seattle Modern Living, LLC. The Valley Cities Board of Directors has agreed to divest of the property if a viable offer is received.
Valley Cities has an agreement with the city of Des Moines through the end of March to identify potential uses for the Woodmont property and explore all options for relocating the services that had been planned there. Conversations about potential sale of the property are part of that mix. Original plans for the 7.9 acres Woodmont Recovery Center in Des Moines on Pacific Highway near 272nd Street included administrative office space for Valley Cities, an outpatient behavioral and physical healthcare clinic, an evaluation and treatment facility, a secure detoxification unit, and a recovery café.
“We have successfully found sites in Kent and Seattle to house inpatient mental health care, substance abuse detoxification, and treatment and recovery services,” said Ken Taylor. “Between those two facilities we will be adding more than 100 desperately-needed acute-care treatment beds.”
Valley Cities is still searching for locations to house outpatient counseling services, administrative offices, and a recovery café. It is expected to take until the end of March to make any decisions about these locations and the sale of the Woodmont site.