Stonegate Development Company of Florida, LLC was founded in 2015 by Central Florida residents David P. Babinski and J. Bennett Grocock with a singular mission: to create high-quality assisted living and memory care communities where seniors are treated with dignity, compassion, and respect.
From the beginning, David and Bennett saw a clear need—not just for more senior housing in Florida’s retirement-rich market, but for communities that prioritize what matters most to families: safety, personalized care, and quality of life. By combining their decades of experience in finance, real estate, and development—and partnering with industry leaders like NVision Development and Ciel Senior Living—they’ve created a network of purpose-built residences designed around these core principles.
Their approach emphasizes thoughtful site selection, efficient building design, and operational excellence to serve the often-overlooked private pay senior population. Every community is developed from the ground up with the resident experience in mind, from the layout of the living spaces to the staffing model that ensures high-quality care around the clock.
This mission-driven focus allows Stonegate to deliver best-in-class service at a price that offers value for residents—providing peace of mind to families and a true sense of home to the seniors who live there.
Our Main Areas of Focus
-
Personalized, 24/7 Care: Our communities offer licensed assisted living and memory care services, with trained staff, medication management, and customized care plans built for each resident’s needs.
-
Modern Safety & Cleanliness: Built from the ground up, each residence is equipped with the latest safety features, including emergency call systems, secure entries, and accessible, clutter-free design.
-
Warm, Comfortable Living Spaces: Residents enjoy thoughtfully designed apartments that balance independence with support—and feel like home.
-
Nutritious, Enjoyable Dining: Chef-inspired menus accommodate dietary needs and offer flexible meal times, turning mealtime into something to look forward to.
-
Social & Enrichment Activities: From fitness and art to live music and off-site outings, our programs are designed to keep residents engaged, active, and connected.
-
Reputation You Can Trust: We welcome transparency. Our communities meet all state standards, and our team is always available to answer questions or share inspection information.
-
Convenient, Family-Friendly Locations: All HearthStone communities are strategically located near medical facilities, shopping, and neighborhoods where families can easily visit.
-
Resident Autonomy & Respect: Every resident deserves independence and choice. We support flexible routines, self-expression, and daily dignity.
-
A Smoother Transition: Whether you're exploring options or ready for a move, our team helps families every step of the way—from virtual tours to move-in coordination.
-
Together with our partners, Stonegate remains committed to building and operating communities where families feel confident, and residents feel truly at home.
Current Projects
Stonegate Development leverages its partnerships to take a unique approach to the Assisted Living Marketplace. Comprehensive market studies and excellent development partners allow for us to build and operate "Market Rate" properties.
HearthStone at Wildwood
Hearthstone at Wildwood
Virtual Tour
HearthStone Nona Lakes
HearthStone Nona Lakes
Currently Open
This Market-Rate ALF is located adjacent to Medical City, in the Lake Nona section of Orlando, Florida. Organic demand from the area and the rapidly expanding Lake Nona area have the Lake Nona project poised to be a successful market-rate community in the heart of affluent Lake Nona. The development includes 10 acres of prime land with a 94-unit, 78,000 square foot assisted living and memory care community.
The Nona Lakes community had its Grand Opening Ceremony on April 11, 2024.
Visit the Nona Lakes Website
HearthStone at Nona Lakes
Virtual Tour
HearthStone at Leesburg
HearthStone at Leesburg
Currently Open
The Leesburg project was designed specifically to appeal to the over 100,000 age 55+ residents in the surrounding retirement communities of southern Lake County, Florida (just northwest of Orlando).
The Leesburg community had its Grand Opening Ceremony on May 16, 2024.
Visit the Leesburg Website
HearthStone at Leesburg
Virtual Tour
The HearthStone Brand
Stonegate Development Projects operates under the HearthStone Assisted Living and Memory Care banner. The Stonegate team worked closely with our operator to develop a brand that accurately reflects each company's core values. When walking into a HearthStone community, residents and visitors alike will immediately be welcomed with a sense of connection, community, and friendship.
Click below to view the HearthStone website to learn more:
In The News
NIC SHARK Series: Promising Outlook for Senior Housing with a Call to Action
NIC SHARK Series: First Segment Report
NIC Analytics launched the first segment of the new NIC Senior Housing Analyst Review and OutlooK (SHARK) report series.
The NIC SHARK report series is intended to deliver actionable, data-informed insights, and forward-looking perspectives for senior housing capital providers, operators, and developers to prepare for the future and better serve America’s older adults.
Meet The Team
David P. Babinski
Founder; Principal
David P Babinski has 25+ years’ experience in investment advisory and capital raising. He has raised in excess of $250,000,000 for real estate and alternative investment programs with HNW Individuals and Family Offices. Mr. Babinski has extensive experience with real estate syndications, Private Placements, co-investment structures, as well as advanced tax planning strategies.
J. Bennett Grocock
Founder; Principal
Manager of Stonegate Development Company of Florida, LLC, Co-Sponsor in Lake Nona Senior Housing LLC, Leesburg Senior Housing, LLC, and Wildwood Senior Housing LLC. He serves as managing partner of The Business Law Group (an AV rated firm by Martindale-Hubbell Law Directory), an international finance, securities law, and corporate law firm based in Orlando, Florida. He was formerly a senior corporate attorney with Holland & Knight, a major international law firm until forming the Business Law Group in 1991. He has been involved in numerous real estate syndications and financing transactions over the years. Mr. Grocock received his BA in Economics from Brown University in 1980 and his JD from the University of Florida College of Law in 1984. He has two grown daughters and lives in Orlando, Florida.