Financing supports addition of independent living units and comprehensive amenities upgrade at Erie County senior living community
ALBANY, NY – The Dormitory Authority of the State of New York (DASNY) has issued $67,665,000 in revenue bonds for Fox Run at Orchard Park to finance a major expansion and renovation project at the continuing care retirement community located in the town of Orchard Park.
The project will add 63 new independent living apartments and eight new patio home units, while comprehensively renovating and expanding the community's common areas. The expansion will increase Fox Run's capacity to serve additional residents while enhancing amenities and programs for current and future residents.
"DASNY is pleased to support Fox Run at Orchard Park's growth and enhancement," said Robert J. Rodriguez, President and CEO of DASNY. "This financing enables the community to expand its capacity to serve older adults in Western New York while modernizing amenities that support active, engaged living for residents."
The three new independent living apartment wings, which will total approximately 82,500 square feet, will be connected to the existing campus and feature a mix of one-bedroom and two-bedroom units with optional dens. The eight new patio homes, designed as duplex buildings totaling approximately 14,100 square feet, will each include two bedrooms with an optional den and a private one-car garage.
The commons renovation and expansion will transform existing spaces and add new amenities including enhanced dining venues, upgraded fitness and wellness facilities, a new theater, an event center, creative arts spaces, and an entertainment district featuring a pub, market, and art gallery.
“We are creating both new living areas and reinventing our amenity space to generate more opportunities for gathering as a community,” said William Wlodarczyk, CEO of Fox Run at Orchard Park. “The vision of our project is to look to Fox Run’s future, while always considering the needs and daily life of our current Residents.”
The Series 2025 Bonds were structured as tax-exempt, fixed rate bonds with a 30-year term. The Bonds were sold via negotiated sale on October 22, 2025 and received strong investor demand. Yields ranged from 3.05% to 5.10% across all maturities. Ziegler served as underwriter for the transaction. Harris Beach Murtha Cullina PLLC and Pearlman & Miranda, LLC served as co-bond counsel, with Nixon Peabody LLP serving as underwriter's counsel. The Bonds closed on November 6, 2025.
About DASNY
Founded in 1944, DASNY is New York State's capital project development authority. It finances and constructs sustainable and resilient science, health and education institutions that help New York thrive. It is one of the largest issuers of tax-exempt bonds in the nation with an outstanding bond portfolio of approximately $64.6 billion as of September 30, 2025. DASNY is also a prolific public builder with a construction pipeline of approximately 1,000 projects valued at more than $13 billion as of March 31, 2025. To learn more about DASNY, visit www.dasny.org.
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