• 170 independent-living apartments, 132 of which will occupy the restored Chamberlin Hotel

• 35 assisted-living units, which will be open to the public, though residents of the independent-living apartments will have preference

• Projected monthly rents for a spring 2007 opening range from $3,300 for a one-bedroom apartment to more than $4,500 for the largest apartments with the best views. Average rents for a 1,000 sq. ft. unit will be approximately $3,800/month.

• New construction will include a parking deck with 396 spaces, 100 of which will be leased by the Army. Above the parking deck, a new tower with six stories will house the assisted-living facility and 38 more independent-living units.

Total construction cost is estimated at $36.9 million.

Earlier this year, legislators in the General Assembly extended the lease for the Chamberlin Hotel and gave the owners permission to make the Peninsula landmark a home for senior citizens.

The General Assembly must approve changes in the use of the building because the state reserved approval power when it ceded the land to the Army in 1821. The measure expanded the potential uses of the building to include a retirement home, extended the lease until 2087 and allowed the owners to build a parking garage on the site.

In September 2003, the real estate partnership then known as DFC-2 entered a tentative contract to buy the hotel for $4.2 million from Old Point Comfort Hotel. DFC-2 included David Falk Sr., co-board chairman of Drucker & Falk, a Peninsula-based real estate management firm.

Old Point Comfort -- which bought the hotel for $5.35 million in 1998 -- filed for Chapter 11 bankruptcy protection in June, amid complaints that tight post-Sept. 11, 2001, security on Fort Monroe had strangled business. Its creditors complained that Old Point Comfort wasn't paying its mortgage on time.