CORAM, N.Y. — Racanelli Construction Co. has completed construction of the All American Assisted Living at Coram, in the Long Island Hamlet of Corm. The property offers assisted living, memory care and respite care services. The project was valued at $12.6 million. Working on behalf of the owner, Kaplan Development Group, Racanelli was part of the team that also included Engelbrecht & Griffin Architects; the civil engineering firm of Hyduk Engineering; the structural engineering firm of Shelly Engineering, Inc.; the mechanical, engineering and plumbing firm of BLW Engineers; and the …
Development
TITUSVILLE, Fla. — Housing Trust Group (HTG) has completed construction of Luna Trails, a $19.6 million, 86-unit affordable housing development for seniors in Titusville, along Florida’s Space Coast region. Apartments are reserved for seniors ages 55 and older earning at or below 60 percent of area median income (AMI). Rents range from $346 per month for a one-bedroom apartment to $791 per month for a three-bedroom apartment. The property is currently 100 percent leased. “This is HTG’s first development in Brevard County and therefore marks an important milestone for our …
FOXBORO, Mass. — Benchmark Senior Living has announced expansion plans for New Pond Village in the Boston suburb of Foxboro. The project will add 19 assisted living units, bringing the community’s total to 36 units. The new apartments will be on the third floor, overlooking the property’s 19.4-acre campus. SEO Construction is building the project, which Udelsman Associates of Hollis designed. StudioSix5 is handling the interiors. Since Benchmark acquired New Pond Village in May 2017, it has undergone extensive renovations. In 2018, an $8 million project brought new and refreshed …
Building designers consider urban integration, sustainable features and even build in vacant parking lots to reflect the future trends of seniors housing. By Jeff Shaw As the seniors housing industry matures in all facets, architects are on the front lines of that evolution. After all, they are the ones who design the future properties before a single shovel hits the ground. We’ve heard for years about the possible incoming changes. Demand for urban locations will increase as baby boomers will want to live near the hustle and bustle of downtown …
DALLAS — Ziegler has arranged $77.1 million of bond financing for Presbyterian Village North, a continuing care retirement community (CCRC) in Dallas. The community sits on a 66-acre campus and currently consists of 89 buildings with 253 independent living units, 101 assisted living units, 44 memory care units and a health center operating 106 skilled nursing beds. The proceeds of the bonds will finance the cost of an expansion project that will add 112 new independent living units in a five-story building named The Hawthorne. Of the 97 units being …
BOSTON — DiMella Shaffer, a Boston-based architecture firm, has completed design work on Grace Apartments, an affordable seniors housing development located in East Boston, and construction of the project has begun. Developed by the East Boston Community Development Corporation (EBCDC) and Affirmative Investments, Grace Apartments will feature 42 residential units for low-income seniors within a new seven-story structure in Maverick Square. Like many cities across the nation, Boston is facing an increasingly acute housing crisis with soaring rents and slender supply, leaving the city’s seniors with limited options, according to …
BOISE — A team of senior living industry veterans have launching Wellness Enhanced Lifestyle Living, a new senior living development company based in Boise. The company’s leadership team includes Dave Mazurek, formerly founder of Sterling Bay’s senior living platform and part of Ventas’ development team; Mandy Serrano, formerly with Holiday Retirement, Avamere and Atlas; and Haller, who most recently served as Avamere’s chief development officer and founder of Ovation and Point Development Co. Collectively, the team has developed in 39 states with a total transaction resume of $6.8 billion in …
DALLAS — Juliette Fowler Communities (JFC) has announced plans to construct a 144-unit independent living community, the Juliette Fowler Residences, for limited-to-moderate-wealth seniors in East Dallas. A groundbreaking for the $24 million development at the 25-acre site is planned for early 2021, with move-ins scheduled to begin in May 2022. JFC was awarded tax credit financing through The Texas Department of Housing and Community Affairs’ (TDHCA) competitive tax credit process. A 2019 study by the National Investment Center for Seniors Housing & Care (NIC) shows that 54 percent of middle-income …
COLUMBUS, Ohio — Affordable housing developer Woda Cooper Cos., along with partners Gertrude Wood Community Foundation and LifeCare Alliance, have completed The Livingston, a 45-unit affordable and age-restricted community in the Near South area of Columbus. The three-story property is reserved for residents age 55 and older who earn up to 60 percent of the area median income. The project pays tribute to The Livingston Theater, a historic theater dating back to the 1940s. The theater’s marquee signage, terrazzo flooring and a portion of its lobby were restored and incorporated …
CAROL STREAM, Ill. — Covenant Living Communities and Services has started construction of a $21 million expansion project at Covenant Living at Windsor Park in Carol Stream, approximately 25 miles west of Chicago. The project will add 36 new assisted living residences and a new rehabilitation area for physical and occupational therapy. It will also include an HVAC system designed for air purification and improved indoor air quality. In addition to new assisted living apartments, there will also be renovations to the existing Windsor Park Manor at Covenant Living with …