AUSTIN, Texas — Ryan Cos. US Inc., Grand Living and Castletop Capital have unveiled plans for Grand Living at The Grove, a 260,000-square-foot seniors housing community in The Grove, a mixed-use project near the Oakmont Heights neighborhood of Austin. The
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GLENN DALE, Md. — The Reid Temple African Methodist Episcopal Church, Reid Community Development Corp., UrbanMatters Development Partners LLC and Atlantic Pacific Communities have announced a virtual ribbon cutting to be held May 19 at Woodlands at Reid Temple, an
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FLORHAM PARK, N.J. — The LCS Family of Companies has broken ground on The Delaney at The Green, a seniors housing community in Florham Park, approximately 25 miles east of Manhattan. The community will feature 128 independent living units, 58
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LONG BEACH, Calif. — Century Housing, in partnership with the City of Long Beach and The Long Beach Community Investment Company, will host a grand opening May 7 at The Beacon, an affordable housing community for seniors and veterans in
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YOUNTVILLE, Calif. — Rudolph and Sletten, a subsidiary of Tutor Perini Corp., was awarded a $269 million design-build contract for an expansion project at Yountville Veterans Home of California, located in the Napa Valley town of Yountville. The California Department
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MYRTLE BEACH, S.C. — Hudson Capital Properties has completed Inspire Coastal Grand, a 194-unit active adult community in Myrtle Beach. The first phase of leasing is currently underway, with the first residents expected to move in mid-April. Hudson partnered with
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MATTHEWS, N.C. — Capstone Communities and Liberty Senior Living have started construction of Inspire Royal Park, an active adult community for persons age 55 or older in the Charlotte suburb of Matthews. Approximately 30 percent of Matthews residents are over
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Residents require spaces that are well finished, but take unique needs into consideration. By Melissa Banko There are plenty of misconceptions around interior design and even more so in the world of senior living design. As someone with 15 years
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The largest developer of multifamily communities in the United States tries to bring fresh ideas to seniors housing. By Jeff Shaw While seniors housing carries more operational risk and complexity than other commercial real estate asset classes, the property sector
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Making a partner of your municipality can smooth over many challenges. By Chad Suitonu The hardest thing about senior living development is finding the right land. Many of the good spots are already taken and competition is fierce for the
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HOUSTON — The Montrose Center has opened the doors on the Law Harrington Senior Living Center, an independent living community in Houston’s historic Third Ward. The community features 112 units available to residents 62 or older meeting mximum income requirements.
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CLARKSTON, Mich. — KIRCO has started construction of Monark Grove Clarkston, a 175,000-square-foot seniors housing community in Clarkston, approximately 35 miles northwest of Detroit. The community features 77 independent living units, 49 assisted living units and 22 memory care units
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WESTON, Fla. — The Palace Group has opened the doors on The Palace at Weston, an independent living, assisted living and memory care community in Weston, approximately 35 miles northwest of Miami. This is owner-operator Palace Group’s 10th luxury senior
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NEW YORK CITY — The New York office of mortgage banking company Merchants Capital has arranged an $18.2 million Housing Development Corporation (HDC) Fannie Mae Risk Share loan for Mannie Wilson Towers, a historic affordable housing development located in the
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Development activity in the seniors housing sector has slowed greatly as a result of the COVID-19 pandemic. New construction as a percentage of existing inventory fell from a high of 7.3 percent in the fourth quarter of 2017 to 4.9
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PALMYRA, Pa. — Ziegler has arranged $39.3 million in bond financing for Lebanon Valley Brethren Home. The funds will be used to finance an expansion project at Londonderry Village, a seniors housing community in Palmyra, a small borough near Harrisburg.
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DAYTONA BEACH, Fla. — Solvere Living has opened the sales center at Sunscape Daytona Beach, an 85-unit seniors housing community in Daytona Beach, located along the Atlantic Ocean northeast of Orlando. Upon completion, scheduled for late this year, the community
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EVESHAM TOWNSHIP, N.J. — Capitol Seniors Housing has broken ground on Arbor Terrace Marlton, a project in Evesham Township near Philadelphia that will consist of 60 assisted living apartments and 27 memory care units. The 76,500-square-foot community will be located
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BELLEVUE, Wash. — Aegis Living has opened Aegis Living Bellevue Overlake, located in the city of Bellevue where the company is headquartered. The community features 122 senior living apartments in the 106,000-square-foot-building. Its opening follows Aegis Living’s joint acquisition of
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OAK PARK, Ill. — American House Senior Living Communities has received financing for its latest senior living project in Oak Park, eight miles west of downtown Chicago. American House Oak Park will be a seven-story seniors housing community featuring 76
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PORTLAND, Ore. — Alliance Residential has started construction on Holden of Pearl, a 16-story seniors housing community in the Pearl District of downtown Portland. The 237-unit community will offer apartments for rent that cater to residents seeking both independent and
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TELFORD, Pa. — Grace Inspired Ministries (GIM), along with development partner Leon N. Weiner Associates Inc. (LNWA), has unveiled plans for Sellersville Senior Apartments, an affordable housing community in Telford, approximately 30 miles north of Philadelphia. The community will feature
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The seniors housing industry has had a rough ride through the COVID-19 pandemic. First-quarter occupancy clocked in at a record-low 78.8 percent, a drop of 870 basis points from the year prior, according to NIC MAP Data, Powered by NIC
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JEFFERSONVILLE, Ind. — Northland Networks has arranged $19.4 million in financing for the development of Bridgepointe Gardens, a seniors housing community in Jeffersonville, located just across the Ohio River from Louisville, Kentucky. The borrower is Denton Floyd Real Estate Group,
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GARLAND, Texas — Locally based developer Palladium USA is underway on construction of a 122-unit mixed-income seniors housing project in Garland, a northeastern suburb of Dallas. Designed by HEDK Architects, the development will consist of 92 units that will be
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MIAMI — BHI, through its Healthcare Group. has arranged $41.9 million in construction financing for the Oasis at Coral Reef, a luxury senior living facility under development in Miami. The 217,123-square-foot property is located adjacent to Jackson South Medical Center.
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DAYTONA BEACH, Fla. — The Housing Authority of the City of Daytona Beach (HACDB) has received approval for $28 million in Multifamily Housing Revenue Bonds for its WM at the River affordable seniors housing project. With a total cost of
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