Development

The-Link-Columbia-Senior-Residences_Decatur-Ga
Affordable HousingDevelopmentGeorgiaNews

Columbia Residential, Decatur Housing Open 80-Unit Affordable Housing Community in Metro Atlanta

by Hayden Spiess

DECATUR, Ga. — Columbia Residential and Decatur Housing have opened The Link at Columbia Senior Residences, a new affordable seniors housing development in East Decatur, a suburb of Atlanta.  This marks the completion of the second phase of the development.  Totaling 80 units, the property is reserved for residents age 62 and older. The community will serve individuals earning at or below 60 percent of the area median income (AMI), with 24 units reserved for residents earning at or below 50 percent of the AMI and 17 units reserved for residents …

Continue Reading
0 FacebookTwitterLinkedinEmail
Crossing-Pointe_Union-City-Ga
Affordable HousingDevelopmentGeorgiaNews

McShane Completes Construction of 80-Unit Affordable Housing Community in Metro Atlanta

by Hayden Spiess

UNION CITY, Ga. — McShane Construction Co. has completed work on Crossing Pointe, a new affordable seniors housing community located in Union City, roughly 20 miles southwest of downtown Atlanta.  McShane served as the general contractor on behalf of the developer, National Church Residences.  Residences at the four-story property will be reserved for senior households earning at or below 50 to 60 percent of the area median income.  Financing for the project included a $1 million loan from the GoATL Fund through the Community Foundation for Greater Atlanta. The Georgia Department …

Continue Reading
0 FacebookTwitterLinkedinEmail
Green-Oaks-of-Holland_Holland-Ohio
Affordable HousingDevelopmentNewsOhio

Evergreen Breaks Ground on 120-Unit Affordable Housing Community in Ohio

by Hayden Spiess

HOLLAND, Ohio — Evergreen Real Estate Group has broken ground on a new affordable seniors housing development in Holland in northwest Ohio.  Upon completion, Green Oaks of Holland will comprise 120 units within a four-story building. Residences will include 667 studio and 53 one-bedroom apartments. Gardant Management Solutions will operate the property, which will be licensed as a residential care facility by the Ohio Department of Health and approved as a Medicaid assisted living provider through the Ohio Department of Aging.  Amenities at the property will include a fitness room, beauty …

Continue Reading
0 FacebookTwitterLinkedinEmail
Farmhouse-Village-Plan_Millersville-Pa
AcquisitionsDevelopmentNewsPennsylvania

Burkentine Real Estate Group Acquires 67 Acres in Pennsylvania for Senior Living Development

by Hayden Spiess

MILLERSVILLE, Pa. — Burkentine Real Estate Group has acquired 67 acres in Millersville, with plans to develop a senior living community at the site. HHF Real Estate sold the land to Burkentine for $7.9 million.  Upon completion, the development — Farmhouse Village — will feature 420 age-restricted rental homes, including a mix of townhomes and condominiums. Plans also include a 75-bed health care facility.  Matt Wolf of The Kislak Co. arranged the land sale on behalf of the seller. 

Continue Reading
0 FacebookTwitterLinkedinEmail
Legacy-Park-II_Fort-Myers-Fla
Affordable HousingDevelopmentFloridaNews

Housing Trust Group, AM Affordable Housing Break Ground on $55M Project in Fort Myers

by Hayden Spiess

FORT MYERS, Fla. — Housing Trust Group (HTG) and AM Affordable Housing have broken ground on a new, $55 million seniors housing development in Fort Myers.  Upon completion, Legacy Park II will total 130 units reserved for residents age 55 and older earning at or below 30, 60 and 70 percent of the area median income (AMI). Amenities at the two-building, five-story community will include a fitness center, swimming pool and a clubhouse with a cyber café, library and game room. Residents will have access to assistance with light housekeeping, laundry, …

Continue Reading
0 FacebookTwitterLinkedinEmail
Messiah-Village_Mechanicsburg-Pa
DevelopmentFinanceNewsPennsylvania

Ziegler Provides $82.3M Bond Financing for CCRC in Southern Pennsylvania

by Hayden Spiess

MECHANICSBURG, Pa. — Ziegler has provided $82.2 million in bond financing to borrower Messiah Lifeways, a Pennsylvania-based nonprofit that owns and operates Messiah Village, a continuing care retirement community (CCRC) in Mechanicsburg.  Messiah Village serves more than 700 residents on an 85-acre campus, which it has occupied since 1978. The community was originally founded in 1896. In addition to 375 independent living units, 88 personal care units and 76 memory care units, the property features 100 skilled nursing beds and 18 skilled nursing memory support beds.  Proceeds from the bonds will …

Continue Reading
0 FacebookTwitterLinkedinEmail
DevelopmentFinanceNew JerseyNews

Live Well Senior Living Secures $45.6M Development Financing for Project in New Jersey

by Hayden Spiess

VINELAND, N.J. — Live Well Senior Living Inc. has secured $45.6 million in bonds to finance the development of a new senior living community in Vineland, roughly 40 miles south of Philadelphia. Ziegler arranged and underwrote the financing.  Upon completion, Live Well Cottages at Vineland will total 130 units.  Distinctive Living will manage and operate the community. “Live Well Cottages addresses one of the most pressing challenges in senior housing today — affordability without sacrificing quality or choice,” says Joe Jedlowski, founder and CEO of Distinctive Living. “The cottage and pocket-neighborhood …

Continue Reading
0 FacebookTwitterLinkedinEmail
Marianne-Inwood_Dallas
DevelopmentNewsTexas

Harbert South Bay to Develop 294,000 SF Luxury Senior Living Community in Dallas

by Hayden Spiess

DALLAS — Harbert South Bay has announced plans to develop a new luxury senior living community, The Marianne on Inwood, in Dallas.  Upon completion, the property will total 162 units and 294,000 square feet with independent living, assisted living and memory care residences. Amenities at the community will include multiple dining venues, indoor and outdoor pools, a gym, hair salon, media lounge and golf simulator. Momentum Senior Living will act as the operator. Bozzuto Construction is serving as the general contractor for the project, and Arcadis designed the community. Completion of …

Continue Reading
0 FacebookTwitterLinkedinEmail
Ivy-Park_Arcadia-Calif
Assisted LivingCaliforniaDevelopmentMemory CareNews

O&I Development Underway on $33M Development in Greater Los Angeles

by Hayden Spiess

ARCADIA, Calif. — O&I Development is currently underway on They Ivy Arcadia, a new senior living community located in Arcadia, roughly 20 miles northeast of downtown Los Angeles.  Upon completion, the $33 million development will total 100 units of assisted living and memory care. R.D. OIson Construction is serving as the general contractor for the project. The project team also includes b.hills architecture and STUDIOSIX5. Amenities at the property will include a fitness center with specialized treatment rooms for memory care and mobility support, dining areas, a reading room, bar and …

Continue Reading
0 FacebookTwitterLinkedinEmail
DevelopmentFinanceIllinoisMemory CareNews

Cambridge Realty Capital Provides $6M Construction Loan for Addition at Central Illinois Community

by Hayden Spiess

PONTIAC, Ill. — Cambridge Realty Capital has provided a $6 million loan to fund the construction of a memory care addition at The Pointe at Pontiac in central Illinois. The borrower is an Illinois-based limited liability company (LLC).  The Pointe at Pontiac currently comprises 60 beds of supportive living, the Illinois version of Medicaid Waiver assisted living. The State of Illinois provides Medicaid funding to seniors age 65 and older who would otherwise not have the resources to reside in an assisted living facility.  In addition to the new memory care …

Continue Reading
0 FacebookTwitterLinkedinEmail
Newer Posts
Older Posts