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 $52 million, the project will rehabilitate 298 units at the former Windsor & Maley apartments. Partners include BGC Advantage, Red Stone Equity Partners, Lument, Coates Rose and Greenberg Traurig.
ANAHEIM, Calif. — Kisco Senior Living has announced the memory care expansion at Emerald Court in Anaheim is scheduled to open within the next two weeks. The all-new memory care section, named Connections, will include 16 studio apartments, a private courtyard, a musical lounge and updated dining configurations. “Before this addition, we would have to transition out our seniors who started developing cognitive issues since we did not have the facilities to care for them,” says Libbi Hash, national director of wellness and memory care for Kisco. “Now that we …
NOVATO, Calif. — Sundt Construction Inc. has completed the historic renovation of Elegance Hamilton Hill, a senior living community in the Bay Area city of Novato. The property is situated on the former site of the Hamilton Army Airfield used during World War II. The assisted living and memory care community’s architectural integrity was preserved and rehabilitated during construction. Admired for its Spanish-inspired architecture, the four-story hospital sits on a nearly four-acre site in the Hamilton neighborhood. The $27 million project features 48 assisted living units and 32 memory care …
NEW YORK CITY — A partnership led by Olshan Properties and O’Connor Capital Partners — in conjunction with New York City’s Housing Development Corporation (HDC) and Department of Housing Preservation and Development (HPD) — has begun construction on a new 221-unit affordable seniors housing development in the Parkchester section of the Bronx. The development, which will be called Parkchester Gardens, is scheduled for completion by mid-year 2023. Financing for the construction of Parkchester Gardens was sourced through a combination of public and private entities. The New York City HDC provided …
JASPER, Ga. — Construction has begun on The Lodge at Stephens Lake, a seniors housing community in Jasper, a small city in the North Georgia Mountains. The developer was not disclosed. The community is slated to open in spring 2022. When completed, the it will feature 70 independent living cottages as well as 86 apartments for assisted living and memory care. The active adult section of the community, Grandview at Gateway, features 106 homes for sale and a 4,000-square-foot clubhouse. Residents will begin to move into the homes by the …
LITTLE ROCK, Ark. — Twain Financial Partners has provided $11 million in ground lease capital to The Summit, a senior living community in Little Rock. O’Reilly Development Co. is developing the property, which will feature 96 independent living units, 44 assisted living units and 18 memory care units. O’Reilly is a real estate investment and development firm specializing in historic preservation, seniors housing, affordable housing, multifamily and student housing communities.
WASHINGTON, D.C. — The Department of Housing and Community Development (DHCD) has provided financing from local and federal resources to develop 54 affordable housing units in Ward 4 at the Abrams Hall Senior Apartments in Washington, D.C. Abrams Hall Senior LP, a joint venture between Urban Atlantic and nonprofit organization Housing Up, received $2.4 million from the District’s Housing Production Trust Fund (HPTF) to develop the assisted living facility. The project also received a $1.1 million allocation of 9 percent Low-Income Housing Tax Credits (LIHTC) from DHCD. The project will …
NASHVILLE, Tenn. — Bridgewood Property Co., a Houston-based developer of senior living properties, has acquired land in Nashville for the development of a mid-rise, luxury retirement community. With guidance and input from zoning counsel; Tune, Entrekin & White PC; the Metropolitan Planning Department; and local neighborhood groups, the property received zoning approval in February 2021 to build 205 senior living units within a 12-story facility. The new Bridgewood community in the city’s Green Hills neighborhood will offer independent living, assisted living and memory care residences and will be located close …
O’FALLON, Ill. — Holland Construction Services has completed work on the new Keystone Place at Richland Creek Senior Living Development in O’Fallon, a suburb of St. Louis. The four-story, $39 million development features 64 independent living units, 66 assisted living units and 19 memory care units, plus one guest suite. It is located on a five-acre plot. The 170,000 square-foot development was constructed adjacent to Parkway Lakeside Apartments, which Holland completed several years ago.
MEDWAY, Mass. — Salmon Health & Retirement has started taking reservations at Salmon at Medway, a 57-acre seniors housing campus in the Boston suburb of Medway. The community will offer cottage and apartment-style independent living together with apartment-style assisted living and memory care. The number of units was not disclosed.