Phoenix Senior Living Prepares to Open 136-Unit Community in Birmingham
BIRMINGHAM, Ala. — Phoenix Senior Living has opened the sales trailer at one of its newest properties, The Bluffs at Greystone in Birmingham.
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Lifespace Starts Construction of $114.5M Expansion in Minnesota
BLOOMINGTON, Minn. — Lifespace Communities has broken ground on an expansion and redevelopment project at Friendship Village of Bloomington, approximately 10 miles south of downtown Minneapolis.
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Confluent Senior Living, Harbor Retirement Associates to Build 113-Unit Community Near Hartford
SOUTH WINDSOR, Conn. — Confluent Senior Living and Harbor Retirement Associates (HRA) are set to begin construction of a 111,951-square-foot senior living community in the Hartford suburb of South Windsor.
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SunTrust Provides $60M for CCRC Expansion in Baltimore
BALTIMORE — SunTrust Banks Inc. has provided a $60 million loan for the expansion of Roland Park Place, a nonprofit continuing care retirement community in Baltimore.
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LANE4 Breaks Ground on Two Independent Living Communities in Metro Kansas City
OVERLAND PARK, Kan., and BLUE SPRINGS, Mo. — LANE4 Property Group has started construction of two independent living communities in the Kansas City suburbs of Overland Park and Blue Springs.
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Life Care Services Underway with $100M Second Phase at Sagewood in Phoenix
PHOENIX — Life Care Services is developing the $100 million second phase at Sagewood in Phoenix. Westminster Capital is the joint venture development partner of the property, which opened in 2010 and currently has 316 units. Situated on 3.5 acres,
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Bethesda to Develop $18M Independent Living Community in Victoria, Minnesota
VICTORIA, Minn. — Watertown, Wis.-based Bethesda Lutheran Communities will break ground this month on Bethesda Cornerstone Village Victoria, an $18 million integrated Christian-focused community for active seniors and independent adults with a developmental disability. The project team includes Kraus-Anderson as construction
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Partnership to Develop 160-Unit MorningStar Senior Living at Old Town in Colorado
FORT COLLINS, Colo. — Co-developers MorningStar Senior Living and Haselden Real Estate Development, in partnership with local landowner and developer J.D. Padilla, have announced plans to develop MorningStar Senior Living at Old Town, an urban senior living project in Fort Collins’
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Bellwether Enterprise Funds $3M Loan for Affordable Seniors Housing Property in Metro Atlanta
DECATUR, Ga. — Bellwether Enterprise Real Estate Capital has provided a $3 million construction-to-permanent loan for the development of Scott Boulevard Senior Residences, an affordable seniors housing community in Decatur. Located eight miles east of downtown Atlanta, Scott Boulevard Senior Residences
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Insight Senior Living Breaks Ground on 72-Unit Assisted Living, Memory Care Facility in Albuquerque
ALBUQUERQUE — West Linn, Ore.-based Insight Senior Living has broken ground on Amaran Senior Living, an assisted living and memory care community in Albuquerque. The project team includes Paaru Builders, Montessori One Academy and Dekker/Perich/Sabatini. Located at 9100 Holly Ave. NE,
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Ilan Investments Breaks Ground on 229-Unit Independent Seniors Living Community in Houston
HOUSTON — Ilan Investments has broken ground on Arella on Jones, an independent senior living community located in Northwest Houston. The project developed by Houston-based Ilan Investments and co-financed by Ilan Development and Bancorp South. Designed by Meeks Partners, the community
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Investcor Begins Historic Restoration of Assisted Living Community in Denton, Texas
DENTON, Texas — Investcor has started restoration work on Fairhaven Assisted Living. Renowned Texas architect O’Neil Ford designed the original property, which opened in 1965 in Denton, about 35 miles north of Fort Worth.
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Cardinal Ventures Plans Three Additional Seniors Housing Developments in the South
WINTER GARDEN, Fla., and LITTLE ROCK, Ark. — Architect and developer Cardinal Ventures and its affiliated management company, Blake Management Group, are set to break ground on three new communities in Florida and Arkansas.
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Ohio Masonic Home Plans Independent Living Expansion at CCRC Near Cleveland
MEDINA, Ohio — Ohio Masonic Home has unveiled plans for a new independent living neighborhood at Western Reserve Masonic Community (WRMC), a 229-acre continuing care retirement community in Medina, about 30 miles south of Cleveland.
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Cushman & Wakefield Arranges $26.5M Development Equity for 203-Unit Project in New Jersey
MONTVALE, N.J. — Cushman & Wakefield Senior Housing Capital Markets has arranged $26.5 million of institutional equity capital from a private equity fund for a 203-unit independent living, assisted living and memory care development in Montvale.
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Oakmont Names Terry Ervin as Executive Director of Community in Sacramento
SACRAMENTO — Oakmont Senior Living has named Terry Ervin as executive director of Oakmont of East Sacramento, a 135-unit assisted living and memory care community currently under construction in Sacramento.
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NHP Foundation Receives $12M Funding for Affordable Development in Houston
HOUSTON — The NHP Foundation (NHPF) has received $12 million in funding to develop a 73-unit affordable seniors housing community in Houston’s Third Ward.
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Sundt Starts Construction of Avesta Community in California
NOVATO, Calif. — Sundt Construction Inc. has started construction of Avesta Residences at Hamilton Hill, a seniors housing community in the Bay Area city of Novato.
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Guest Services Senior Living, Northstar Commercial Partners Unveil Renovation Plans for Community in Vista, California
VISTA, Calif. — Guest Services Senior Living and Northstar Commercial Partners have joined forces to renovate and rebrand Vista Gardens, a memory care facility in Vista, approximately midway between Los Angeles and San Diego.
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Resort Lifestyle Communities to Break Ground on $30M Independent Living Project in Michigan
COMMERCE TOWNSHIP, Mich. — Resort Lifestyle Communities (RLC) plans to break ground Aug. 7 on an independent living community in Commerce Township, approximately 30 miles northwest of Detroit.
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Discovery Completes Renovation Project at Senior Living Community in Tulsa
TULSA, Okla. — Discovery Senior Living has completed renovations at Country Club At Woodland Hills, a senior living community in Tulsa. A grand unveiling of the updated areas will be held Saturday, July 27.
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Passco to Build 161-Unit Active Adult Communities in Tennessee, California
GERMANTOWN, Tenn., and PALM DESERT, Calif. — Real estate investment company Passco Cos. has unveiled plans for two age-restricted apartment communities, each totaling 161 units, in Germantown and Palm Desert.
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Aegis Living Opens 104,000 SF Community Near Seattle
MERCER ISLAND, Wash. — Aegis Living has opened its newest seniors housing community, located on Mercer Island, between Seattle proper and the developer’s headquarters in Bellevue.
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Suffolk Breaks Ground on 104-Unit Community in South Florida
ROYAL PALM BEACH, Fla. — Suffolk has broken ground on Inspired Living at Royal Palm Beach, a 106,562-square-foot facility that features 72 assisted living units and 32 memory care beds.
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Meegan Kline Named Executive Director of 510-Unit CCRC Being Built in San Diego
SAN DIEGO — Meegan Kline has been named executive director for The Glen at Scripps Ranch, the new continuing care retirement community (CCRC) in the Scripps Ranch area of San Diego.
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Reach for the Sky
As resident demands shift, developers look to urban high-rises to provide a new lifestyle for seniors across the continuum of care.
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Life Plan Communities Hit a Sweet Spot
Demand and occupancies hold firm as sponsors retool for the next wave of residents.
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