Monday, September 1, 2025
Read the Magazine Subscribe

Development

Hawthorne-Heights_Gainesville-Fla
Affordable HousingDevelopmentFinanceFloridaNews

National CORE Receives $19.5M Construction Financing for Affordable Seniors Housing Project in Florida

by Hayden Spiess

GAINESVILLE, Fla. — Nonprofit developer National CORE has received $19.5 million in construction financing to fund the development of Hawthorne Heights, a new affordable seniors housing project in Gainesville.  KeyBank Community Development Lending and Investment provided a $13 million loan and secured a $6.5 million Freddie Mac permanent loan on behalf of the borrower.  National CORE received additional funding from Red Stone, which provided low-income housing tax credit equity and bonds from the Florida Housing Finance Corp., for the project. The project also qualifies for real estate tax abatement. Upon completion, …

Continue Reading
0 FacebookTwitterLinkedinEmail
Trillium-Woods_Plymouth-Minn
Assisted LivingDevelopmentIndependent LivingMemory CareMinnesotaNews

Kraus-Anderson Completes $41.8M Expansion at Trillium Woods in Plymouth, Minnesota

by Hayden Spiess

PLYMOUTH, Minn. — Construction firm Kraus-Anderson has completed the second phase of a $41.8 million expansion at Trillium Woods, a senior living community located in Plymouth.  Designed by Pope Design Group, the expansion totals 160,321 square feet across five stories and adds 18 assisted living units, 16 memory care units, 52 independent units and 67 underground parking spaces.  Construction on the project began in April 2024.  Amenities at Trillium Woods include an indoor pool, salon, day spa, fitness center, pub, café, pickleball court, library, auditorium, art studio and guest suites. Life …

Continue Reading
0 FacebookTwitterLinkedinEmail
Active AdultDevelopmentFinanceNew JerseyNews

Rock Solid Builders Secures $29.5M Construction Financing for Active Adult Development in New Jersey

by Hayden Spiess

NUTLEY, N.J. — Rock Solid Builders Inc. has received a $29.5 million loan for the construction of a new active adult development in Nutley, New Jersey.  Kearny Bank provided the 2.5-year, floating-rate financing.  Completion of the development is scheduled for spring 2027. Upon completion, the property, Soho Park Residences, will feature 85 age-restricted units for residents ag 55 and older. Units will include one- and two-bedroom layouts, with an average apartment size of 1,110 square feet. Amenities at the community will include a fitness and wellness center, library, swimming pool and sun …

Continue Reading
0 FacebookTwitterLinkedinEmail
Harbours-Edge_Delray-Beach-Fla
DevelopmentFloridaNews

Lifespace Communities Breaks Ground on $49M Expansion Project at Harbour’s Edge in Delray Beach, Florida

by Hayden Spiess

DELRAY BEACH Fla. — Lifespace Communities has broken ground on a $49 million expansion project at Harbour’s Edge, a senior living community in Delray Beach.  Upon completion, the expansion will add 24 assisted living apartments and 16 memory care apartments to the property. Planned amenities include a garden with a walking path, a third-floor terrace for assisted living residents, a spa, bar and wellness gym, as well as dedicated dining rooms, kitchens and activity spaces.  A groundbreaking event is scheduled for Aug. 20.  Nonprofit Lifespace Communities owns and operates 15 communities …

Continue Reading
0 FacebookTwitterLinkedinEmail
Bear-Hollow-Estates_Rancho-Cordova-Calif
CaliforniaDevelopmentIndependent LivingNews

Hawthorn Senior Living Opens 149-Unit Independent Living Community Near Sacramento

by Hayden Spiess

RANCHO CORDOVA, Calif. — Developer, owner and operator Hawthorn Senior Living has opened Bear Hollow Estates, a new independent living community located in Rancho Cordova, roughly 15 miles outside Sacramento.  Totaling 149 units, the property features studio, one- and two-bedroom apartments. Amenities at the $46.5 million development include a fitness studio, movie theater, billiards lounge, pub, salon and library. Outdoor features include walking paths, raised garden beds and a fire-pit courtyard.  This marks Hawthorn Senior Living’s sixth community in California. Hawthorn’s national portfolio comprises more than 70 communities. 

Continue Reading
0 FacebookTwitterLinkedinEmail
Celebration-Village_Athens-Ga
Assisted LivingDevelopmentGeorgiaIndependent LivingMemory CareNews

ASC Breaks Ground on 377-Unit Community in Athens, Georgia

by Hayden Spiess

ATHENS, Ga. — Active Senior Concepts (ASC) has broken ground on Celebration Village Athens, a new senior living community in Athens, roughly 80 miles northeast of Atlanta.  Upon completion, the development will total 377 units, with 96 bungalows, 20 independent living cottages, 70 independent living villas, 96 concierge living apartments, 66 assisted living apartments and 29 memory care suites. Celebration Village Athens will also feature a 30,000-square-foot Celebration Club and 4,000-square-foot spa and wellness center.  Amenities at the community will include pickleball and bocce ball facilities, pavilions with grill stations, fire …

Continue Reading
0 FacebookTwitterLinkedinEmail
Watermark-Marco-Island_Marco-Island-Fla
Assisted LivingDevelopmentFloridaMemory CareNews

Chancey Completes Development of 86-Unit Community in Marco Island, Florida

by Hayden Spiess

MARCO ISLAND, Fla. — Chancey Development, in partnership with BRW Development and Watermark Retirement Communities, has delivered The Watermark at Marco Island, a new, 86-unit community in Marco Island.  This marks the first senior living community on the island.  Totaling 103,000 square feet, the property features 66 assisted living and 20 memory care units. Chancey Architecture & Design designed the community, with Wichman Construction serving as the general contractor.  Chancey also partnered with the City of Marco Island to create a public park adjacent to the property, which is located with …

Continue Reading
0 FacebookTwitterLinkedinEmail
Aloha-Iā-Halewilikō_'Aiea-Hawai'i
Affordable HousingDevelopmentHawaiiNews

EAH Housing Begins Leasing at $62M Affordable Community in Hawaii

by Hayden Spiess

‘AIEA, HAWAII — Nonprofit organization EAH Housing has begun leasing at Aloha lā Halewilikō, a new affordable seniors housing community in ‘Aiea.  Totaling 140 units, the property is reserved for residents age 62 and older. Residences are available for households earning 30, 50 and 60 percent of the area median income.  Units at the community include 83 studio and 56 one-bedroom apartments, as well as a manager’s unit. Amenities at the development include a multipurpose room, walking paths, fitness facilities, community gardens and digital literacy programs. Local nonprofit partner Lanakila Pacific …

Continue Reading
0 FacebookTwitterLinkedinEmail
Active-Adult_Annapolis-Md
Active AdultDevelopmentMarylandNews

Greystar to Develop Active Adult Project in Annapolis, Maryland

by Hayden Spiess

ANNAPOLIS, Md. — Greystar has announced plans to develop a new active adult project in Annapolis.  Upon completion, the community will total 175 units, with a mix of one-, two- and three-bedroom residences. Amenities at the five-story development will include a library, club room, kitchen, fitness studio, pet spa, swimming pool and exterior courtyard.  Greystar recently acquired a 2.17-acre development site within Annapolis Town Center for the project. Construction is currently underway, and leasing is scheduled to begin in spring 2026.  Annapolis Town Center features more than 50 retail stores and …

Continue Reading
0 FacebookTwitterLinkedinEmail
LasellVillage_DiMellaShaffer
Assisted LivingDevelopmentFinanceIndependent LivingMassachusettsNewsSkilled Nursing

MassDevelopment Issues $134.9M Tax-Exempt Bond for Seniors Housing Project at Lasell University in Newton, Massachusetts

by Hayden Spiess

NEWTON, Mass. — MassDevelopment has issued a $134.9 million tax-exempt bond to Lasell Village Inc. for the renovation and expansion of a senior living community located on the campus of Lasell University in Newton.  The financing will fund the purchase of 1.4 acres of land owned by Lasell University and the construction of a new building. Upon completion, the new building will feature 42 independent living apartments, a bistro, fitness and wellness centers, a multipurpose room, common space and other amenities.  Lasell Village is a charitable corporation that was formed in …

Continue Reading
0 FacebookTwitterLinkedinEmail
Newer Posts
Older Posts