SAN DIEGO — HJ Sims has arranged $77 million in financing for Casa de las Campanas, a continuing care retirement community (CCRC) in San Diego. Life Care Services operates the community, which LCS Development built. The community is in the middle of a multi-phase master plan that includes renovation and expansion of its facilities, including new skilled nursing, independent living and memory care areas. In 2014, Sims secured bank financing through City National Bank (CNB) for Phase I of the plan. Sims negotiated the Phase II financing terms with CNB …
Development
Ryan Cos., Cadence, Starwood Complete Construction of Acoya Scottsdale at Troon in Arizona
by Jeff Shaw
SCOTTSDALE, Ariz. — The joint venture team of Ryan Cos. US, Cadence Living and a controlled affiliate of Starwood Capital Group has completed construction of Acoya Scottsdale at Troon in Scottsdale. The community features 135 independent living and assisted living units in 22 floor plans ranging from 585 square feet to 2,385 square feet. The new community is situated on six acres of land between Pinnacle Peak and Troon Mountain. Thoma-Holec Design handled the interior design. This is the second Acoya-branded community in Arizona, and several more are planned according …
Story Senior, MPH Partners Underway on 140-Unit Luxe at Las Colinas Project in Irving, Texas
by Jeff Shaw
IRVING, Texas — A partnership between Story Senior Ltd. and MPH Partners LLC is underway on construction of The Luxe at Las Colinas, a 140-unit active adult project in Irving. The community will span approximately 149,000 square feet and offer one- and two-bedroom units ranging in size from 644 to 1,112 square feet. Moss Construction is the general contractor for the project, which is scheduled for completion in November 2021.
Seasons Living Starts Construction of 130-Unit Broadwell Senior Living in Plymouth, Minnesota
by Jeff Shaw
PLYMOUTH, Minn. — Seasons Living has started construction of Broadwell Senior Living in Plymouth, a suburb of Minneapolis. The community will feature 34 independent living units, 72 assisted living units and 24 memory care units in a 160,000-square-foot building. Set to open in summer 2021, Seasons Living will oversee management. The development is a partnership with Goldenrod Cos.
Eden Housing Opens Corsair Flats Affordable Community as Part of $1B Mixed-Use Project in Alameda, California
by Jeff Shaw
ALAMEDA, Calif. — Eden Housing, along with the City of Alameda and Alameda Point Partners, has opened Corsair Flats in Alameda, a suburb of Oakland. The new affordable residential community features 60 residential units for low-income seniors age 62 and up. It is the first of two affordable residential communities to be completed by Eden Housing at Alameda Point’s Site A. The $1 billion, mixed-use, transit-oriented, waterfront development is located on the site of the former Naval Air Station Alameda, which closed over 20 years ago. KTGY Architecture + Planning …
Plymouth, Bellwether Break Ground on $150.7M The Rise on Madison Affordable Multifamily Project in Seattle
by Jeff Shaw
SEATTLE — A joint venture between Plymouth Housing and Bellwether Housing has broken ground for the development of The Rise on Madison, a 17-story affordable apartment community in Seattle’s First Hill neighborhood. Plymouth will operate 115 studio units, with on-site supportive services, for formerly homeless seniors on floors one through six. Bellwether will operate 253 affordable, studio, one-, two- and three-bedroom apartments on floors seven through 16. Located at 1400 Madison St., The Rise on Madison will feature a large community room, roof deck and ground-floor retail space, as well …
Associated Bank Provides $29M Construction Loan for Senior Living Development in Bloomington, Minnesota
by Jeff Shaw
BLOOMINGTON, Minn. — Associated Bank has provided a $29 million loan for the construction of a 133-unit senior living development in Bloomington. Dubbed ThePOINTE Bloomington, the independent living community is the second of a two-phase project on a 7.5-acre site. Phase I, currently under construction, is the 118-unit Cherrywood Pointe community that features assisted living and memory care. ThePOINTE will rise five stories. United Properties is the developer. Jim Vitt of Associated Bank handled the loan closing.
LEXINGTON, Mass. — DiMella Shaffer, a Boston-based architecture and design firm, has completed its second expansion project for Brookhaven at Lexington. DiMella Shaffer’s relationship with Brookhaven began in 2003 when the 26-acre community underwent a major expansion that included the addition of the Harvard building, a 48-unit independent living building. The project also featured renovations to all common areas, and expansion and improvements to the assisted care and long-term care facility. The most recent expansion includes the construction of the Wellesley building which features 49 new luxury independent living apartments …
SACRAMENTO, Calif. — Oakmont Senior Living has opened an independent living, assisted living and memory care community in the East Sacramento neighborhood of the state capital. Located in the Fabulous Forties area, Oakmont of East Sacramento totals 140,000 square feet, plus a 36,000-square-foot parking garage, on a 3.5-acre plot. The community features 100 independent living/assisted living units and 42 memory care units. Terry Ervin is the executive director and Deanna Barker is director of memory care.
Frampton Construction Completes Blake at Hollingsworth Park in Greenville, South Carolina
by Jeff Shaw
GREENVILLE, S.C. — Frampton Construction Co. has completed work on The Blake at Hollingsworth Park. The 86,000-square foot assisted living and memory care facility is in the Hollingsworth Park area of Verdae, a larger master-planned community in Greenville. The property features 68 assisted living and 33 memory care suites. Cardinal Ventures is the developer of the community. Young, Wier + Boerner Architecture completed the design for the building, and Hoyt + Berenyi was civil engineer for the project. This is Frampton’s fifth Blake-branded assisted living project.