Development

ThriveMore Plans 70-Acre CCRC in North Carolina

by Hayden Spiess September 11, 2026

NEW BERN, N.C. — ThriveMore’s board of trustee’s has approved the next phase of design and development for Brice Pointe, the organization’s new continuing care retirement community (CCRC) in New Bern in coastal North Carolina. Situated on a 70-acre campus, the development will feature 152 independent living apartments; 52 villas and cottages; and 18 assisted living, memory care and skilled nursing units. Amenities at the CCRC will include walking trails, outdoor gathering spaces, wellness and educational opportunities and access to nearby golf, pickleball and tennis facilities. The community is scheduled to …

September 11, 2026

Serenova-Dripping-Springs_Dripping-Springs-Texas

Active Adult Development News Texas

ARCTRUST, Edison Equity Residential to Develop 175-Unit Active Adult Community in Texas

by Hayden Spiess September 10, 2026

DRIPPING SPRINGS, Texas — ARCTRUST Private Capital and Edison Equity Residential have announced plans to develop a new active adult community in Dripping Springs, roughly 25 miles west of Austin. Upon completion, Serenova at Dripping Springs will total 175 units reserved for residents age 55 and older. Residences will include 133 one-and two-bedroom apartments, as well as 42 private villas. Amenities at the property will include a restaurant and bar, fitness centers, a swimming pool, creative arts studio, club room, community lounge and marketplace and concierge services including assistance with reservations, …

September 10, 2026

Affordable Housing California Development Finance News

Merchants Capital Provides $193.8M in Construction Financing for Affordable Communities Near Sacramento

by Hayden Spiess August 28, 2026

ROCKLIN, Calif. — Merchants Capital has provided $193.8 million in construction financing for the development of two new affordable multifamily communities in Rocklin, about 20 miles northeast of Sacramento. Dubbed The Frances and The Steven, the properties are being developed by USA Properties Fund. Upon completion, The Steven will feature 180 units for seniors age 55 and older, with residences reserved for renters earning between 30 and 70 percent of the area median income. Nonprofit LifeSTEPS will provide support services including classes in health and wellness, financial literacy, computer training, homebuying, …

August 28, 2026

CCRC Development Finance News North Carolina

Ziegler Closes $166.4M Bond Financing for Community Expansion in Charlotte

by Hayden Spiess August 25, 2026

CHARLOTTE, N.C. — Ziegler has closed approximately $166.4 million in bond financing on behalf of The Presbyterian Home at Charlotte, doing business as The Sharon at SouthPark. Originally founded in 1964, the organization owns and operates a continuing care retirement community in Charlotte. Situated on 28.1 acres in the SouthPark area of Charlotte, the community currently features 247 independent living residences, 38 assisted living units and 96 skilled nursing beds. Proceeds from the financing will be used to fund an expansion project at the property. The expansion will add 64 new …

August 25, 2026

Assisted Living Development Florida Independent Living News

ANF Tops Out Luxury Community in South Florida

by Hayden Spiess August 20, 2026

DELRAY BEACH, Fla. — Construction and development firm ANF has completed the topping out of All Seasons Delray, a luxury senior living community currently underway in Delray Beach. Beztak is the developer. Upon completion, the property will feature 153 units, with 92 independent living apartments and 61 assisted living residences. Amenities at the community will include a swimming pool, landscaped courtyard, pub, theater, library, game room, fitness center, pottery and arts studios, multipurpose activity spaces and an onsite medical center. Completion of All Seasons Delray is scheduled for the first quarter …

August 20, 2026

Development Finance New Jersey News

Joint Venture Receives $84.7M Bond Financing for Development West of New York City

by Hayden Spiess August 20, 2026

PEAPACK-GLADSTONE, N.J. — Peapack Partners LLC — a joint venture between Distinctive Living Development, Melillo Equities and Pointsfive — has received $84.7 million in bond financing for the development of a seniors housing community in the New Jersey borough of Peapack-Gladstone, approximately 50 miles west of New York City. Ziegler arranged the financing on behalf of the joint venture. The project is an adaptive reuse of the former Pfizer Pharmaceuticals corporate headquarters. The financing will support the development of 66 assisted living units and 30 memory care units. Dubbed CopperWood Senior …

August 20, 2026

California Development News

PMB, Pillar Properties to Develop 295,000 SF Community at San Diego State University

by Hayden Spiess August 12, 2026

SAN DIEGO — PMB and Pillar Properties will develop a new senior living community at San Diego State University. Dubbed SDSU Mission Valley, the project will total 295,000 square feet across seven stories and will feature 224 independent and assisted living units, as well as 26 memory care residences. Amenities at the property will include a restaurant and bistro, community room, fitness center, rooftop deck, swimming pool and outdoor courtyard. Urbal Architecture is serving as the architect. Construction is scheduled to begin at the end of 2027, with completion expected in …

August 12, 2026

CCRC Development News South Carolina

Acts Retirement-Life Underway on 109-Acre Expansion at South Carolina Community

by Hayden Spiess August 10, 2026

ROCK HILL, S.C. — Nonprofit senior living organization Acts Retirement-Life Communities is currently underway on a 109-acre expansion project at Park Pointe Village, a continuing care retirement community located in Rock Hill. Spiezle Architectural Group led the master planning and design process for the expansion. Upon completion, the expansion will add 130 new independent living residences, as well as 20 assisted living units, a memory care neighborhood and an 18,000-square-foot clubhouse. New amenities will include walking trails, pickleball courts, new restaurants and gathering spaces. A construction timeline was not disclosed. “This …

August 10, 2026

Development Indiana News

Varcity to Develop Retirement Community at Purdue University

by Hayden Spiess August 5, 2026

WEST LAFAYETTE, Ind. — Varcity has announced plans for the development of a new university retirement community (URC) at Purdue University in West Lafayette. Upon completion, Varcity at Purdue will feature 239 rental residences situated on a 13.5-acre property. Carter will co-develop the project. Developed in partnership with the university and the Purdue for Life Foundation, the community will open in summer 2028. Western States Lodging will manage the community once open. Reach Architects and Gensler designed the property. Founded in 2021, Varcity is a senior living company focused exclusively on …

August 5, 2026

Delaware Development News

REDICO, Ciel Form Joint Venture to Develop Community in Coastal Delaware

by Hayden Spiess August 4, 2026

REHOBOTH BEACH, Del. — REDICO and Ciel Senior Living have formed a joint venture to develop a new senior living community in Rehoboth Beach. REDICO will lead the development and investment strategy for the project, and Ciel will serve as the operating partner when the community opens. “Our involvement in this project and our ability to attract the financing necessary to make it possible reflects renewed investor interest in this industry,” says Dale Watchowski, CEO of REDICO and American House Senior Living. “This project also reflects REDICO’s broader senior living development …

August 4, 2026

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