Development

Douglas Gardens
Affordable HousingDevelopmentFloridaNews

McDowell Housing Partners, Miami Jewish Health Open $139M Affordable Community Near Miami

by Hayden Spiess

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 …

Continue Reading
0 FacebookTwitterLinkedinEmail
Bonaventure-Rendering_Corvallis-Ore
Assisted LivingDevelopmentIndependent LivingMemory CareNewsOregon

Bonaventure Senior Living Underway on Community in Corvallis, Oregon

by Hayden Spiess

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, …

Continue Reading
0 FacebookTwitterLinkedinEmail
Mission-Grove-at-Stoneybrook_Winter-Garden-Fla
Assisted LivingDevelopmentFloridaIndependent LivingMemory CareNews

NEI Completes Construction of 166-Unit Community in Winter Garden, Florida

by Hayden Spiess

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. 

Continue Reading
0 FacebookTwitterLinkedinEmail
Affordable HousingDevelopmentNew YorkNews

Gilbane Development, Partners Complete 153-Unit Affordable Community in Brooklyn

by Hayden Spiess

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 …

Continue Reading
0 FacebookTwitterLinkedinEmail
CaliforniaDevelopmentFinanceNews

Ziegler Closes $101.7M Bond Financing for California Nonprofit

by Hayden Spiess

SARATOGA, Calif. — Specialty investment bank Ziegler has completed the closing of Odd Fellows Home of California’s $101.7 million Series 2026AB bonds through the California Statewide Communities Development Authority.  The borrower is a nonprofit public benefit corporation that owns and operates two senior living communities, located in Napa and Saratoga. The borrower’s original senior living community, situated on a 37-acre site in Saratoga, has been in operation since 1912. The property comprises 141 independent living units, 85 assisted living apartments, a 94-bed skilled nursing facility and 15 memory care beds.  Proceeds …

Continue Reading
0 FacebookTwitterLinkedinEmail
DevelopmentNevadaNews

Kisco Senior Living Plans New Community in Las Vegas

by Hayden Spiess

LAS VEGAS — Kisco Senior Living has announced plans to develop a new community in Summerlin, a master-planned community located in Las Vegas.  Upon completion, the property will feature independent living, assisted living and memory care units.  “Summerlin is one of the most compelling senior living markets in the country, and frankly, one of the most underserved when it comes to truly elevated options,” said Andy Kohlberg, president and CEO of Kisco Senior Living, in a statement. “We’re building something that reflects how today’s older adults want to live: beautifully designed …

Continue Reading
0 FacebookTwitterLinkedinEmail
Assisted LivingDevelopmentMemory CareNewsWisconsin

Azura Living Completes 72-Unit Community in Wisconsin

by Hayden Spiess

MUKWONAGO, Wis. — Azura Living has completed the development of a new assisted living and memory care community in Mukwonago, roughly 30 miles southwest of Milwaukee. The property, Azura Mukwonago, totals 72 units.  McShane Construction Co. acted as the general contractor on behalf of the developer. EUA designed the community, which features two assisted living buildings and one memory care building situated on a 6.4-acre site. Amenities at the property include community rooms, dining rooms, kitchens, sunrooms, a fitness center, spa, salon, community garden, putting green, walking paths and bocce ball …

Continue Reading
0 FacebookTwitterLinkedinEmail
Providence-Living-Pembroke-Pines
DevelopmentFeaturesFrom The Magazine

Developers Are Poised to Pounce as the Sector Readies for an Uptick in Activity

by Hayden Spiess

By Hayden Spiess Just as one swallow does not make a summer, the development projects currently underway do not equate to an overall recovery in activity. Similarly, strong demographic trends don’t ensure favorable market conditions for the construction of new communities.  These points have been amply proven by the current dynamic in the seniors housing sector. Baby boomers are aging in robust numbers, and the need for seniors housing units is increasing, but development activity remains depressed.  According to sources, a number of headwinds — including stubbornly elevated interest rates, …

Continue Reading
0 FacebookTwitterLinkedinEmail
DevelopmentFloridaNews

Belmont Village Opens 153-Unit Luxury Community in South Florida

by Hayden Spiess

AVENTURA, Fla. — Owner and operator Belmont Village Senior Living has opened Belmont Village Aventura, a new luxury community in South Florida.  Belmont Village Aventura totals 153 residences across 11 stories, with two floors of penthouse units. Amenities at the property include a chef-led restaurant, full-service bistro and bar, fitness center, screening room, art studio, salon and swimming pool.  Belmont Village partnered with Turnberry — a developer, owner and operator of luxury assets across the hospitality, restaurant, residential, retail and mixed-use sectors — on the development.  “We chose to partner with …

Continue Reading
0 FacebookTwitterLinkedinEmail
Affordable HousingDevelopmentFloridaNews

Partnership Completes Development of Affordable Community in Tampa Bay Area

by Hayden Spiess

RIVERVIEW, Fla. — A partnership between Smith & Henzy Affordable Group, Mt. Zion AME Church of Riverview, Adonai’s Second Chances, The Tampa Housing Authority and Hillsborough County has completed the development of a new affordable seniors housing community located in Riverview, a city situated on Tampa Bay.  FK Architecture designed the community, which totals 75 units reserved for residents earning at or below 30 to 70 percent of the area median income. Amenities at the property, dubbed Zion Village, include a clubroom, gathering areas, an outdoor pavilion, fitness center, library, movie …

Continue Reading
0 FacebookTwitterLinkedinEmail
Newer Posts
Older Posts