The Village of St. Edward, the longtime senior facility in Fairlawn, and Signet Real Estate Group recently celebrated the opening of a new site in Wadsworth.

Signet Real Estate Group, a unit of investment and development firm Signet LLC of Akron, is the owner and developer of the $21.6 million, 106-unit senior living center, which is operated by the Village of St. Edward, according to a news release.

Signet, which specializes in health care and higher education projects, moved into the realm of senior living facilities for the first time with the Village of St. Edward project, a Signet spokesman said.

Founded by the Diocese of Cleveland and the Sisters of St. Dominic of Akron in 1964, the Village of St. Edward had been looking to expand its reach as the population ages and the demand for senior care grows. St. Edward plans to open a 126-unit facility in Green by late this year, a spokeswoman for the organization said. For that project, St. Edward is working with DeHoff Development Co.

The Wadsworth facility features three levels of care in separate wings: independent living, assisted living and memory care, the release said. The facility anticipates employing 50 full-time workers, according to the Village of St. Edward website.

Andrews Architects, Lewis Land Professionals, Mosaic Design and Pride One Construction were involved in the design and construction of the site, the release said.

“Everyone involved with the project, from the folks at St. Edward to city officials and other project partners, has been instrumental in finishing this project well,” Kevin Belt, vice president of development at Signet Real Estate Group, said in a statement. “They have been wonderful to work with, and we look forward to a long successful partnership.”

John Stoner, president and CEO of the Village of St. Edward, said, “We very much appreciate Signet, particularly working with their people, for providing the opportunity for senior living alternatives for the people of the Wadsworth area.”