MCLEAN, Va. — Sunrise Senior Living has appointed Mary Kay Gribbons as chief human resources officer (CHRO) and Maria Davlantes as chief marketing officer (CMO). Gribbons brings more than 20 years of experience in human resources and operations across industries. Most recently, she served as the CHRO for Dean Foods, the largest dairy processor in the U.S. with $8 billion in revenue, more than 15,000 teammates and 70 plants. There she led a formal restructuring, developed programs to retain leaders and enhanced internal communication during a period of intense change. …
WOODBURY, Minn. — Ryan Cos. US Inc., Great Lakes Management and Artemis Real Estate Partners have broken ground on Talamore Senior Living Woodbury, a 200-unit seniors housing community in Woodbury, just east of St. Paul. Talamore Woodbury will be a four-story, 245,00-square-foot senior living community with 90 independent living units, 70 assisted living units, 26 memory care units and 14 care suites. The age and income qualified households — ages 75 and older earning more than $75,000 a year — in the area are expected to grow by 42.3 percent …
MARBLEHEAD, Mass. — Callahan Construction Managers has broken ground on The Mariner in Marblehead, located on the coastal North Shore area near Boston. The 83,000 square foot, three-story building will feature 61 assisted living units and 26 memory care units, with a mix of studio, one- and two-bedroom floor plans. The Northbridge Cos., in partnership with the local development team of Heather Cairns, Michael Lafayette and Philip Helmes, is developing the building with EGA serving as the architect. The project is scheduled for completion in February 2023.
CHICAGO — Smith Senior Living has completed a $23 million modernization at Smith Village, a continuing care retirement community in Chicago’s Morgan Park neighborhood. The project quadruples the number of private suites and rooms for rehabilitation and skilled nursing care residents by reducing its licensed beds to 78 from 100. Smith also built a three-story addition that houses therapy areas and dining rooms. Planning for this project began in 2017 and construction was accelerated because tradespeople were named essential workers during the pandemic, making this wing ready for total occupancy …
DES MOINES, Iowa, and SOUTH BEND, Ind. — AHEPA Affordable Housing Management Co. (AMC) has received two HUD Section 202 Supportive Housing for the Elderly program grant awards totaling $16.7 million to support the development of two new affordable seniors housing communities. The award for the 100-unit Des Moines project is $8.9 million. The award for the 80-unit South Bend project is $7.8 million. “The need for affordable housing, especially for very low-income seniors, is great,” says Steve Beck, AMC’s president and CEO. “Each of our existing affordable elderly housing …
MIRAMAR, Fla. — Catholic Health Services (CHS) and Atlantic Pacific Communities have broken ground on Casa Sant’Angelo, an affordable seniors housing community in the Miami suburb of Miramar. The mid-rise building offers 113 one- and two-bedroom units. Units are reserved for residents age 62 or older who earn between 30 percent and 80 percent of area median income. Funding partners include Broward County, First Housing Development Corp., Florida Housing Finance Corp. and Wells Fargo. The project is the first to use a new Miramar city code that provides impact fee …
OXFORD, Miss. — Chicago Pacific Founders (CPF) and its subsidiaries, CPF Living Communities and Grace Management Inc., have acquired The Magnolia at Oxford Commons, a 100-unit senior living community in Oxford. The community was previously known as The Blake at Oxford. The name change reflects the change in ownership. Grace Management will take over operations, offering assisted living and memory care services. The Magnolia at Oxford Commons is located in the new Oxford Commons neighborhood, near shopping, restaurants, medical facilities, The Square and The University of Mississippi. The new owner …
BOSTON — Boston Financial Investment Management has closed its Boston Financial Institutional Tax Credits 55 Limited Partnership (ITC 55), a $221 million Low Income Housing Tax Credit (LIHTC) fund. ITC 55 comprises 22 tax credit investments, with plans to finance more than 1,800 affordable housing units across 16 multifamily and six senior living communities. Nine institutional investors from the banking and insurance sectors participated in ITC 55, five of which were new investors with Boston Financial. Additionally, more than 30 percent of the development partners were nonprofit entities. The fund …
KNOXVILLE, Tenn. — Shannondale, a Knoxville-based operator, has hired Jim Driscoll as chief financial officer. Driscoll has 15 years of experience in healthcare accounting, financial and compliance management. He holds an MBA in finance from the University of Mississippi, Oxford; a bachelor’s degree in accounting from the University of Alabama; and a bachelor’s degree in finance from the University of Tennessee. In his role prior to joining Shannondale, Driscoll was director of accounting and compliance for a Knoxville medical practice. Driscoll replaces Glen McDaniel, who is retiring.
FORT WORTH, Texas — Tradition Senior Living has broken ground on The Tradition-Clearfork, a seniors housing community in Fort Worth. Upon completion, the development will offer 214 independent living units, 95 assisted living/memory care units and three furnished suites for overnight guests. Units range from 880 square feet to 2,200 square feet. Located on approximately six acres along the Trinity River, the property includes a nine-story independent living building and a five-story assisted living and memory care building. A soft opening is scheduled for spring 2023, with final completion slated …