HORSESHOE BAY, Texas — Nuveen Green Capital has provided $38.6 million in Commercial Property Assessed Clean Energy (C-PACE) financing for the development of a new seniors housing community in Horseshoe Bay, roughly 50 miles northwest of Austin. Falcon Senior Housing is the borrower. Dubbed The Statesman at Horseshoe Bay, the community will total 313,714 square feet upon completion. The property will feature 180 independent living, assisted living and memory care units. Financing for the project also includes EB-5 immigration investment funds. “Nuveen Green Capital and Texas PACE Authority allowed us to …
HUNTINGTON BEACH, Calif. — An undisclosed developer has received $252.1 million in bond financing for the construction of a new seniors housing community in Huntington Beach in Southern California. HJ Sims and JLL Securities arranged the financing as lead book-running manager and co-manager, respectively. Bonds included Series A senior bonds and subordinate Series B and C bonds, issued through the California Public Finance Authority. The bonds were divided into three tranches, including a $165.7 million Series A tranche, a $74.3 million Series B tranche and a $12.1 million Series C tranche. …
WINTER GARDEN, Fla. — Traditions Management has opened Mission Grove at Stoneybrook, a new senior living community located in Winter Garden, roughly 15 miles northwest of Orlando. Totaling 173,000 square feet, the community comprises 166 units, with 101 independent living apartments, 32 assisted living apartments and 33 memory care apartments. Amenities at the property include a swimming pool, art studio, putting green, pickleball courts, hair and nail salon, library, pub and bistro and fitness room. Traditions Management invested approximately $65 million in the community, which was developed by Leo Brown Group.
CHESAPEAKE, Va. — Commonwealth Senior Living has announced plans for an expansion at Commonwealth Senior Living at Cedar Manor in Chesapeake. With the expansion, which will add 24 assisted living apartments, the community will total 85 units, with capacity to serve 126 residents. The new assisted living units will include 10 one-bedroom apartments and 14 studio apartments. Construction is scheduled for completion in August 2027, and the community will remain fully open throughout the project. Commonwealth’s portfolio includes communities in Connecticut, Michigan, Pennsylvania, Maryland and Virginia.
QUEEN CREEK, Ariz. — Investcor has announced plans for Mojave Sage, a new luxury seniors housing community to be located in Queen Creek, roughly 40 miles southeast of Phoenix. Upon completion, Mojave Sage will total 117 residences, with assisted living and memory care units. Amenities at the community will include a full-service beauty salon, fitness and wellness center, movie room, gathering areas, private courtyards, outdoor spaces, gardening programs, a dog park and onsite store. Komo Architecture is designing the project, and KBE Building Corp. will serve as the general contractor. Construction …
ORLANDO, Fla. — Wendover Housing Partners, in partnership with Hope Center West and the City of Orlando, is underway on the development of a new affordable seniors housing community near downtown Orlando. Upon completion, Legacy Place will total 100 units. DeAngelis Diamond is serving as the general contractor for the project. Goldman Sachs and Berkadia Commercial Mortgage have provided financing, and the project is backed by $610,000 from the City of Orlando. The city is also providing incentives through the Orlando Unlocked initiative, which is designed to accelerate the development of …
PEMBROKE PINES, Fla. — McDowell Housing Partners and Miami Jewish Health have completed the development of Douglas Gardens Senior Health and Living, a new affordable seniors housing community located in Pembroke Pines, roughly 25 miles northwest of Miami. Now open, the community totals 410 units reserved for residents age 55 and older earning 30, 60 and 100 percent of the area median income. Amenities at the community include a pond with walking paths, theater room, business center and multiple indoor and outdoor gathering spaces. Development costs for the project totaled $139 …
CORVALLIS, Ore. — Bonaventure Senior Living is currently underway on the development of a new community in Corvallis. Scheduled to open in late 2027, the property will feature independent living, assisted living and memory care units. Amenities at the community will include a bistro, golf simulator, fitness center, library, theater room, salon and barber shop, activity and game rooms, courtyards and scheduled transportation services. The community will also include Bonaventure’s Life Stations, which recreate familiar environments for memory care residents. At the Corvallis community, these will include an Artists Life Station, …
WINTER GARDEN, Fla. — NEI General Contracting has completed the construction of a new senior living community located in Winter Garden. Dubbed Mission Grove at Stoneybrook, the property totals 166 units, with independent living and assisted living apartments and a dedicated memory care space. Amenities at the community include a swimming pool, pickleball courts, fireside lounges and a grab-and-go café. NEI acted as the general contractor on behalf of the developer, Leo Brown Group.
NEW YORK CITY — Gilbane Development, Blue Sea Development Co. and JASA have completed a new affordable seniors housing community located in the Bushwick neighborhood of Brooklyn. Totaling 100,000 square feet across 13 stories, Linden Grove features 153 units. Residences are reserved for seniors earning 30 to 40 percent of the area median income, with 46 units reserved for formerly unhoused seniors. Amenities at the community include free internet, a fitness room, arts and crafts area, laundry room, rooftop terrace, outdoor dining areas and community gardens. TD Bank provided a letter …
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