Under threatening skies Wednesday, members of Dial Retirement Communities and Russell launched a new $33 million senior living project that will transform a key piece of Moline's history and its landscape.  

Known as Overlook Village, the project marks the third Quad-City senior living project by Omaha-based Dial Retirement Communities. It is partnering with Davenport-based Russell on the new 190,000-square-foot facility.

With heavy equipment already working on site, Russell and Dial Retirement Communities' leaders and employees joined city and community leaders to celebrate the digging of the first ceremonial shovels of dirt.

Overlook Village will be located at 941 6th St., on the former site of Moline Lutheran Hospital, which later became Trinity Medical Center.

More than 2½ years in the making, Overlook will feature 65 independent living units with underground parking, 52 assisted living units and 18 memory care units.

"It's great to redevelop a really prominent piece of property...," Jim Russell, president and CEO of Russell, told the group of 30. 

Ted Lowndes, president of Dial Retirement Communities, said the company is proud to be back in the Quad-Cities "because this is where it all started for us."

Dial Cos. launched Dial Retirement Communities, its senior living division, in 1999 with its Silvercrest Garner Farms in Davenport, he said. Dial Retirement also is the owner and operator of The Fountains senior living project in Bettendorf.

"We've always been interested in Moline," Lowndes said. "It just makes sense for us to have three sister communities. We have existing staff here and we can share marketing resources."

The new Moline facility will employ 75 to 100 people.

He said Dial's senior living properties enhance residents' lifestyles. "This isn't a place to just exist, it's a place they come to live and thrive."

According to Lowndes, the Moline facility will be as luxurious, if not more, than The Fountains. Dial specializes in private pay, upscale, service-focused senior living, he added. Amenities will include fine dining with several dining rooms, a bar/lounge, a game room, a hair salon, a movie theater and multiple activity centers. 

The construction and design team includes Russell, BLDD Architects and Shive-Hattery. It is expected to be completed by summer of 2018.

Moline Mayor Stephanie Acri said the project develops a prominent site that initially was going to be a residential redevelopment. "But because of the national housing crisis, the project on this site stalled out."

Across the street, the original developer Mike Shamsie built the One Moline Place housing development on the former Moline Public site.

Acri said the city acquired the land in 2011 in lieu of it going into foreclosure.

Under a 2015 development agreement, Russell agreed to buy the property from the city and develop it as a market-rate senior housing project. The sale closed earlier this year, said Ray Forsythe, the city's planning and development director.

Lowndes and Jim Russell credited the collaboration of the two companies to David Smith, Russell's vice president of real estate, who previously had worked for Dial Cos.

Smith said the first phase will occupy eight of the 16.9 acres.  "There is an opportunity for multiple phases," he said, adding that future phases could include more independent living as well as medical offices to create "more of a campus." 

Forsythe said the new project also will have a spin-off effect. "The people who will be moving in here hopefully will be Moline residents," he said, adding that those relocations "will free up their Moline homes for new families."