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Development

DevelopmentFinanceIndustry Voices

C-PACE Works — Try It, You’ll Like It.

by Jeff Shaw

By Jason Schwartzberg In 1971, Alka-Seltzer, the two-white-tablet packet that helps relieve heartburn, launched a commercial set in a neighborhood bistro where a waiter persuaded a man to sample a new dish. The actor explains: “Came to this little place. Waiter says, ‘Try this, you’ll like it.’ What’s this? ‘Try it, you’ll like it.’ But what is it? ‘Try it, you’ll like it.’ So, I tried it. Thought I was going to die. Took two Alka-Seltzer.” The actor concludes the spot by declaring: “Alka-Seltzer works. Try it. You’ll like it.” …

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Assisted LivingDevelopmentNewsWashington

Aegis Living Opens 136-Unit Aegis Living Laurelhurst in Seattle

by Jeff Shaw

SEATTLE — Aegis Living has opened Aegis Living Laurelhurst in the Laurelhurst neighborhood of Seattle, near the University of Washington (UW). The six-story building features 147,911 square feet of space and 136 assisted living apartments.  Aegis Development LLC is the developer, Ankrom Moisan Architects is the architecture firm and Exxel Pacific is the general contractor. Aegis Living Laurelhurst is Aegis’ 38th community and the second one to open this year.

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Affordable HousingCaliforniaDevelopmentNews

Community HousingWorks Opens 59-Unit Puesta del Sol Apartments in San Diego

by Jeff Shaw

SAN DIEGO — Community HousingWorks (CHW) has opened Puesta del Sol Apartments, a 59-unit affordable seniors housing community in the Linda Vista neighborhood of San Diego.  Puesta del Sol apartments are reserved for households earning 30 to 60 percent of the area median income and the community has been awarded 59 project-based vouchers to ensure access for the most income-vulnerable residents. Additionally, six of the 59 vouchers will serve chronically homeless. Built adjacent to CHW’s Amanecer Apartments on Ulric Street, Puesta del Sol completes the combined intergenerational community. Together, Puesta …

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Affordable HousingDevelopmentIndustry Voices

Tackling Affordable Housing: An Architect’s Perspective

by Jeff Shaw

By Ed Cadavona, Managing Partner, AO With a growing need and rising costs, building affordable housing continues to be a major challenge in the Golden State, California. The demand for housing exceeds current supply with the California Department of Housing and Community Development (HCD) estimating the need for 2.5 million new homes over the next eight years, with approximately 1 million designated for lower-income households.  The issues are complex, requiring the state, cities, developers, financiers, communities and architects to come together to overcome the deficit of affordable housing for families …

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Active AdultAffordable HousingDevelopmentMinnesotaNews

Lupe Development Completes 200-Unit Wirth on the Woods Mixed-Income Community in Minneapolis

by Jeff Shaw

MINNEAPOLIS — Lupe Development has opened Wirth on the Woods, a 200-unit mixed-income seniors housing community in the Bryn Mawr neighborhood of Minneapolis. The campus includes 100 units of affordable seniors housing in a six-story building (The Theodore) and 100 units of market-rate active adult housing (The Eloise) in a second six-story building. The development includes a new regional storm pond, outdoor classroom and play area for the adjacent Anwatin Middle and Bryn Mawr Elementary schools, as well as shared amenities for the senior campus. The affordable housing at The …

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DevelopmentIndependent LivingMichiganNews

REDICO Opens 132-Unit American House Meridian in Michigan

by Jeff Shaw

HASLETT, Mich. — REDICO has opened American House Meridian, a seniors housing community in Haslett, which is located within Meridian Township just east of Lansing and Michigan State University. The community rises four stories and features 132 units of independent living, 50 of which were pre-leased prior to opening. Cunningham-Limp Development Co. built the community, with Banko Design as architect. The site is located near highways I-96 and I-69, five premier golf courses and two major hospital systems: McLaren and Sparrow.

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Affordable HousingDevelopmentGeorgiaNews

The Benoit Group, Atlanta Housing Receive Financing for $72M Englewood Affordable Development

by Jeff Shaw

ATLANTA — The Benoit Group, in partnership with Atlanta Housing, has received financing for the development of Englewood Senior in Atlanta.  The 160-unit affordable senior living project marks the first redevelopment phase of a master-planned, mixed-use, multi-phase community on the 30-acre site of the former Englewood Manor public housing site. Originally built in 1971 on approximately 30 acres, Englewood Manor offered 324 public housing units before the residents were relocated in 2007, followed by the property’s demolition in 2009 with HUD approval. The site is located in southeast Atlanta approximately …

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CCRCDevelopmentNewsWashington

Emerald Communities Completes $63M Expansion at Emerald Heights in Redmond, Washington

by Jeff Shaw

REDMOND, Wash. — Emerald Communities has completed a $63 million expansion project at Emerald Heights, a continuing care retirement community in Redmond, a suburb east of Seattle. The Courtyard building concept was first introduced in 2017 and construction began in September 2022. Emerald Heights is welcoming 34 residents to their new homes this week and eight units are still available. The three-level Courtyard building offers six apartment designs including one-bedroom, one-bedroom with a den, two-bedroom and two-bedroom with a den that range in size from 826 to 1,764 square feet. …

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ColoradoDevelopmentNews

MorningStar Senior Living Opens 160-Unit Community in Centennial, Colorado

by Jeff Shaw

CENTENNIAL, Colo. — MorningStar Senior Living and Edgemark Development have opened MorningStar at Holly Park, a 160-unit seniors housing property in Centennial, a suburb southeast of Denver. Situated on three acres, MorningStar at Holly Park offers 85 independent living, 50 assisted living and 25 memory care units in a four-story residential building. The project team includes Rosemann & Associates as architect, JHL Constructors as general contractor and Thoma-Holec Design as interior designer. MorningStar and Edgemark co-developed and co-own the community.

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Active AdultDevelopmentMissouriNews

Midas Construction Underway on $37.8M Viva Bene Active Adult Community in St. Peters, Missouri

by Jeff Shaw

ST. PETERS, Mo. — Midas Construction is underway on Viva Bene, a $37.8 million active adult community in the St. Louis suburb of St. Peters.  Developed by Avenue, the 161-unit luxury property is located at 101 Viva Bene Circle.  Greystar is the property manager. Completion is slated for this fall.

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