Development

Development Panel_Seniors Housing West 2026
DevelopmentFeaturesNews

Today’s Development Climate Isn’t Unique in History, Says InterFace Panel

by Hayden Spiess

By Matt Valley Similarities exist between today’s challenging development environment and what transpired during the Great Recession (2007 to 2009) and its aftermath, says Bill Pettit, managing partner of Black Dog Capital Advisors, a Seattle-based consulting firm specializing in seniors housing.  Editor’s note: InterFace Conference Group, a division of France Media Inc., produces networking and educational conferences for commercial real estate executives. To sign up for email announcements about specific events, visit www.interfaceconferencegroup.com/subscribe. When the Great Recession hit, Pettit was in the midst of a more than 30-year run as president of …

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DevelopmentIllinoisIndependent LivingNews

Presbyterian Living Underway on 172,000 SF Expansion at Community in Metro Chicago

by Hayden Spiess

ARLINGTON HEIGHTS, Ill. — Presbyterian Living is underway on an expansion project at its campus in Arlington Heights, roughly 25 miles northwest of downtown Chicago.  Upon completion, the 172,000-square-foot expansion will add 70 independent living apartments to The Moorings of Arlington Heights. Designed by Perkins Eastman, the new residences will range from 1,050 to 1,900 square feet, with one- and two-bedroom floorplans.  New amenities featured in the expansion will include walking paths, a larger pond, sitting area and outdoor space.  Skender is serving as the general contractor for the project, which …

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Active AdultColoradoDevelopmentNews

United Properties Breaks Ground on 154-Unit Active Adult Community in Denver

by Hayden Spiess

DENVER — United Properties has broken ground on a new active adult community, Amira Lowry, in the Denver neighborhood of Lowry.  Upon completion, the property will total 154 units reserved for adults age 55 and older. Residences will include studio, one- and two-bedroom apartments.  Great Lakes Management will operate Amira Lowry.  Construction of the project is being led by Weis Builders. A development timeline was not disclosed. Plans for the site also include a future, second phase with villa-style active adult homes.  Owned by Pohlad Cos., United Properties specializes in ground-up …

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Affordable HousingDevelopmentGeorgiaNews

Columbia Residential, Decatur Housing Open 80-Unit Affordable Housing Community in Metro Atlanta

by Hayden Spiess

DECATUR, Ga. — Columbia Residential and Decatur Housing have opened The Link at Columbia Senior Residences, a new affordable seniors housing development in East Decatur, a suburb of Atlanta.  This marks the completion of the second phase of the development.  Totaling 80 units, the property is reserved for residents age 62 and older. The community will serve individuals earning at or below 60 percent of the area median income (AMI), with 24 units reserved for residents earning at or below 50 percent of the AMI and 17 units reserved for residents …

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Crossing-Pointe_Union-City-Ga
Affordable HousingDevelopmentGeorgiaNews

McShane Completes Construction of 80-Unit Affordable Housing Community in Metro Atlanta

by Hayden Spiess

UNION CITY, Ga. — McShane Construction Co. has completed work on Crossing Pointe, a new affordable seniors housing community located in Union City, roughly 20 miles southwest of downtown Atlanta.  McShane served as the general contractor on behalf of the developer, National Church Residences.  Residences at the four-story property will be reserved for senior households earning at or below 50 to 60 percent of the area median income.  Financing for the project included a $1 million loan from the GoATL Fund through the Community Foundation for Greater Atlanta. The Georgia Department …

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Affordable HousingDevelopmentNewsOhio

Evergreen Breaks Ground on 120-Unit Affordable Housing Community in Ohio

by Hayden Spiess

HOLLAND, Ohio — Evergreen Real Estate Group has broken ground on a new affordable seniors housing development in Holland in northwest Ohio.  Upon completion, Green Oaks of Holland will comprise 120 units within a four-story building. Residences will include 667 studio and 53 one-bedroom apartments. Gardant Management Solutions will operate the property, which will be licensed as a residential care facility by the Ohio Department of Health and approved as a Medicaid assisted living provider through the Ohio Department of Aging.  Amenities at the property will include a fitness room, beauty …

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AcquisitionsDevelopmentNewsPennsylvania

Burkentine Real Estate Group Acquires 67 Acres in Pennsylvania for Senior Living Development

by Hayden Spiess

MILLERSVILLE, Pa. — Burkentine Real Estate Group has acquired 67 acres in Millersville, with plans to develop a senior living community at the site. HHF Real Estate sold the land to Burkentine for $7.9 million.  Upon completion, the development — Farmhouse Village — will feature 420 age-restricted rental homes, including a mix of townhomes and condominiums. Plans also include a 75-bed health care facility.  Matt Wolf of The Kislak Co. arranged the land sale on behalf of the seller. 

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Affordable HousingDevelopmentFloridaNews

Housing Trust Group, AM Affordable Housing Break Ground on $55M Project in Fort Myers

by Hayden Spiess

FORT MYERS, Fla. — Housing Trust Group (HTG) and AM Affordable Housing have broken ground on a new, $55 million seniors housing development in Fort Myers.  Upon completion, Legacy Park II will total 130 units reserved for residents age 55 and older earning at or below 30, 60 and 70 percent of the area median income (AMI). Amenities at the two-building, five-story community will include a fitness center, swimming pool and a clubhouse with a cyber café, library and game room. Residents will have access to assistance with light housekeeping, laundry, …

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DevelopmentFinanceNewsPennsylvania

Ziegler Provides $82.3M Bond Financing for CCRC in Southern Pennsylvania

by Hayden Spiess

MECHANICSBURG, Pa. — Ziegler has provided $82.2 million in bond financing to borrower Messiah Lifeways, a Pennsylvania-based nonprofit that owns and operates Messiah Village, a continuing care retirement community (CCRC) in Mechanicsburg.  Messiah Village serves more than 700 residents on an 85-acre campus, which it has occupied since 1978. The community was originally founded in 1896. In addition to 375 independent living units, 88 personal care units and 76 memory care units, the property features 100 skilled nursing beds and 18 skilled nursing memory support beds.  Proceeds from the bonds will …

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DevelopmentFinanceNew JerseyNews

Live Well Senior Living Secures $45.6M Development Financing for Project in New Jersey

by Hayden Spiess

VINELAND, N.J. — Live Well Senior Living Inc. has secured $45.6 million in bonds to finance the development of a new senior living community in Vineland, roughly 40 miles south of Philadelphia. Ziegler arranged and underwrote the financing.  Upon completion, Live Well Cottages at Vineland will total 130 units.  Distinctive Living will manage and operate the community. “Live Well Cottages addresses one of the most pressing challenges in senior housing today — affordability without sacrificing quality or choice,” says Joe Jedlowski, founder and CEO of Distinctive Living. “The cottage and pocket-neighborhood …

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