Development

Ivy-Park_Arcadia-Calif
Assisted LivingCaliforniaDevelopmentMemory CareNews

Oakmont Senior Living Underway on $33M Development in Greater Los Angeles

by Hayden Spiess

ARCADIA, Calif. — Oakmont Senior Living is currently underway on Ivy Park at 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, …

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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 …

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Charter-Senior-Living_West-Chester-Pa
DevelopmentNewsPennsylvania

Charter Senior Living, Paradise Management to Develop 162-Unit Community in Pennsylvania

by Hayden Spiess

WEST CHESTER, Pa. — Charter Senior Living and Paradise Management are partnering on the development of a new community in West Chester.  Upon completion, the community — Charter Senior Living of West Chester — will total 162 units, including 59 independent living, 71 assisted living and 32 memory care apartments. Construction is currently underway. Completion of the development is scheduled for late 2027, with leasing to begin in late 2026.  “We’re thrilled to partner with the outstanding team at Paradise to bring this exciting new senior living option to West Chester,” …

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Reserve-Sarasota_Sarasota-Fla
DevelopmentFloridaNews

NexCore Group Breaks Ground on 248,582 SF Community in Sarasota 

by Hayden Spiess

SARASOTA, Fla. — NexCore Group, with general contractor Brinkmann Constructors, has broken ground on The Reserve Sarasota, a new senior living community. Located in downtown Sarasota, the property will total 248,582 square feet across seven stories.  Experience Senior Living, a wholly owned subsidiary of NexCore, will operate the community. Amenities at the property will include multiple dining venues, wellness spaces and a rooftop pool.  The project team includes Hoyt Architects, Infrastructure Solutions Services and Senior by Design. Completion of the development is scheduled for December 2027. 

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Residences at Appleton
Affordable HousingDevelopmentMassachusettsNews

WinnCos. Completes $55.3M Adaptive Reuse Project in Massachusetts

by Hayden Spiess

HOLYOKE, Mass. — WinnCos. has completed a $55.3 million seniors housing adaptive reuse project in Holyoke. A redevelopment of a vacant mill complex, Residences at Appleton has delivered 88 affordable housing units for residents age 55 and older.  Twelve of the apartments are reserved for seniors earning at or below 30 percent of the area median income (AMI); 63 apartments are reserved for seniors earning at or below 60 percent of the AMI; and 13 apartments are reserved for seniors earning at or below 80 percent of the AMI.  Residences at …

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The Hallmark-Uptdown-Oaks
DevelopmentIndependent LivingNewsTexas

Brazos Presbyterian Homes Plans 385,000 SF Expansion at Houston Community

by Hayden Spiess

HOUSTON — Nonprofit Brazos Presbyterian Homes has announced plans for a 385,000-square-foot expansion at The Hallmark in Houston.  The project will add a 21-story independent living building, Uptown Oaks,  to the continuing care retirement community. Uptown Oaks will feature 120 high-end units.  Construction on the expansion is expected to begin in 2027.  Amenities at Uptown Oaks will include a yoga studio and massage area, art and hobby studio, café, movie theater and pool area. 

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Affordable HousingDevelopmentMassachusettsNews

2Life Breaks Ground on 150-Unit Affordable Seniors Housing Development Near Boston

by Hayden Spiess

LYNN, Mass. — 2Life Communities has broken ground on a new affordable seniors housing development in Lynn, roughly 13 miles northeast of downtown Boston.  Upon completion, the project, Solimine House, will total 150 apartments reserved for residents age 62 and older earning up to 60 percent of the area median income.  Completion of construction is scheduled for fall 2027. The project team includes architect MASS Design Group, general contractor Dellbrook|JKS, landscape and civil engineer Stantec, construction manager Tierney Development Services and law firm Klein Hornig LLP. Sources of funding for the …

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Dogwood-Trail-Apartments-II_Albany-Ga
Affordable HousingDevelopmentGeorgiaNews

Lockwood Cos. Breaks Ground on Affordable Community in Southwest Georgia

by Hayden Spiess

ALBANY, Ga. — Lockwood Cos. has broken ground on a new affordable seniors housing community in Albany, a city in southwest Georgia.  Upon completion, Dogwood Trail Apartments II will feature 20 one-bedroom apartments and 20 two-bedroom apartments. Units will be reserved for residents age 55 and older earning at or below 30, 50, 60 and 70 percent of the area median income.  This project marks the second phase of a master planned redevelopment of the area.  Completion of construction is scheduled for winter 2027. 

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All-Seasons-Delray_Delray-Beach-Fla
Assisted LivingDevelopmentFloridaIndependent LivingNews

Beztak Underway on 153-Unit Luxury Community in Delray Beach, Florida

by Hayden Spiess

DELRAY BEACH, Fla. — Beztak is underway on the development of a new luxury senior living community in Delray Beach.  Upon completion, All Seasons Delray will total 153 units, with 92 independent living apartments and 61 assisted living residences. Amenities at the property will include a swimming pool, landscaped courtyard, upscale pub and dining venues, theater, library, game room, fitness center, pottery and art studios, activity spaces and an on-site medical center.  ANF is serving as the construction manager for the project. “This community reflects a new standard in senior living, pairing …

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CCRCDevelopmentFinanceIndependent LivingKansasNews

Ziegler Secures $53.8M in Bond Financing for CCRC Expansion Project in Kansas

by Hayden Spiess

MANHATTAN, Kansas — Ziegler has secured $53.8 million in bond financing through the City of Manhattan, Kansas, on behalf of Meadowlark, a single-site continuing care retirement community (CCRC).  Situated on 55 acres, Meadowlark currently totals 359 units, with 137 independent living apartments, 50 independent living duplexes and cottages, 38 assisted living apartments and a 134-bed skilled nursing facility that comprises 60 private beds and 74 semi-private beds.  The community was originally developed in 1975. In 2022, Ziegler arranged financing for an expansion of the property. Upon opening, the expansion reached full …

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