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 …
Development
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.
Ziegler Arranges $81.4M Refinancing for Rockwood Retirement Communities in Spokane, Washington
by Jeff Shaw
SPOKANE, Wash. — Ziegler has placed $81.4 million in bond financing through the Washington State Housing Finance Commission on behalf of Spokane United Methodist Homes. The borrower is the nonprofit operator of Rockwood Retirement Communities, which consists of two continuing care retirement communities (CCRCs) in Spokane — Rockwood South Hill and Rockwood at Whitworth. The communities have a combined 600 residents. The tax-exempt, fixed-rate bonds amortize over 35 years, wrapping around existing indebtedness to result in level aggregate annual debt service. Bond proceeds will be applied toward Phase II construction …
WinnCompanies Opens $21.5M High School Redevelopment Project in East Haven, Connecticut
by Jeff Shaw
EAST HAVEN, Conn. — WinnCompanies has opened The Tyler, a mixed-income apartment community for seniors in East Haven, a suburb of New Haven. The project, a redevelopment of the 84-year-old former East Haven High School building, will be the first historic adaptive reuse project in the United States to meet the industry’s strictest standards for energy performance, according to WinnCompanies. The three-story property, 104,871-square-foot property features 70 apartments for individuals age 55 and older. The property was recently named as the nation’s Best Overall Development and Green Building of the …
WALNUT CREEK, Calif. — Sequoia Living has re-opened the preview center at Viamonte at Walnut Creek as the continuing care retirement community (CCRC) nears completion. First move-ins are scheduled to start in a few weeks at the 200-unit community. Construction began three years ago. The property is located in Walnut Creek in the San Francisco Bay Area.
Joint Venture Breaks Ground on $86M Lake Anne House Affordable Community in Northern Virginia
by Jeff Shaw
RESTON, Va. — A joint venture between Enterprise Community Development (ECD) and Fellowship Square Foundation has broken ground on Lake Anne House, an $86 million affordable seniors housing community in Reston. The property will offer 240 units, with floor plans ranging from studio to two-bedroom layouts. The units will be available to seniors who earn at or below 60 percent of the area median income (AMI). Each resident will pay no more than 30 percent of his or her income toward housing costs, including rent and a utility allowance. The …